If you’re looking to boost your income with some dividend shares, then you might want to consider the ones listed below.
Here’s why analysts have given them buy ratings:
The first ASX dividend share to look at is Aventus. It is a fully integrated owner, manager, and developer of large format retail centres with a portfolio of 20 centres valued at $2.3 billion.
Across these centres the company has a diverse tenant base of 593 tenancies, with national retailers representing 88% of the total portfolio.
Aventus has continued to experience solid demand for its tenancies despite the pandemic. This led to the company reporting an occupancy rate of 98.8% in FY 2021. This underpinned a 9.6% increase in funds from operations to $110 million for the year.
The team at Goldman Sachs is very positive on the company. It currently has a buy rating and $3.40 price target on its shares. Goldman is also forecasting dividends of 17.8 cents per share in FY 2022 and then 19.4 cents per share in FY 2023.
Based on the current Aventus share price of $3.27, this will mean yields of 5.4% and 5.9%, respectively.
Westpac Banking Corp (ASX: WBC)
This banking giant’s shares may have risen strongly this year, but a number of leading brokers still believe they are good value.
This is thanks largely to its strong capital position, improving trading conditions, and its bold cost reduction targets. In respect to the latter, Westpac is aiming to reduce its cost base to $8 billion in the coming years. This will be a sizeable reduction from $12.7 billion currently.
It is largely for this reason that Citi is a big fan of the bank. The broker currently has a buy rating and $30.00 price target on its shares. This compares to the latest Westpac share price of $25.88.
Citi is forecasting fully franked dividends of $1.16 per share in FY 2021 and then $1.30 per share in FY 2022. This represents yields of 4.5% and 5%, respectively, over the next couple of years.
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Motley Fool contributor James Mickleboro owns shares of Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended AVENTUS RE UNIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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