If you’re keen to boost your income portfolio with some dividend shares, then I would suggest you look at the ones listed below.
I believe both companies are well-positioned to pay generous dividends in FY 2021 and beyond. Here’s why I would buy them:
Aventus Group (ASX: AVN)
I think Aventus would be well worth considering. Although the pandemic has hit retail property companies hard, I’m optimistic that Aventus will be a lot less impacted than others. This is due to its focus on large format retail parks and the high weighting of its tenancies towards everyday needs.
Aventus counts the likes of ALDI, Bunnings, Officeworks, and The Good Guys as tenants, to name just a few. Given how these companies have continued to thrive during the pandemic, I expect its rental collections to remain solid. In light of this and based on the current Aventus share price, I estimate that it provides investors with an FY 2021 dividend yield of over 6%.
Dicker Data Ltd (ASX: DDR)
A second dividend share I would buy is Dicker Data. I think the wholesale distributor of computer hardware and software across the ANZ region is one of the best and underappreciated dividend shares on the local market. It has been growing its earnings and dividends at a solid rate consistently over the last five years. Pleasingly, this strong form has continued in FY 2020 with Dicker Data reporting record sales and profits in the first half.
This has positioned the company to deliver on its plan to increase its dividend by 31% to 35.5 cents per share this year. Based on the current Dicker Data share price, this represents a generous fully franked 4.5% dividend yield. Another positive is that Dicker Data pays its dividends in quarterly instalments. This could make it a good option for those looking for more regular income.
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More reading
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia has recommended AVENTUS RE UNIT. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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