The Australian share market currently provides investors with an average dividend yield of approximately 4%.
Given the low interest rate environment that we’re living in, this certainly is a blessing.
But you don’t need to settle for a 4% yield. Here are four ASX dividend shares that offer even greater yields for income investors:
Aventus Group (ASX: AVN)
Aventus is the largest fully integrated owner, manager and developer of large format retail centres in Australia. It currently owns 20 centres valued at $2.1 billion. Through this portfolio it has a diverse tenant base of 590 quality tenancies, with national retailers representing almost 90% of the total portfolio. Strong demand has supported a very high occupancy rate, which I believe positions it well for growth. I estimate that its shares offer a forward 5.9% distribution yield.
BHP Group Ltd (ASX: BHP)
I think BHP would be a good option for income investors. Due to its world class operations that are generating significant levels of free cash flow, I expect FY 2020 to be another year of generous dividends. Especially given how the US-China trade war appears to have been averted. This could mean that demand for key commodities remains solid and supports favourable prices. I estimate that BHP’s shares provide a fully franked forward 5.5% dividend yield.
Stockland Corporation Ltd (ASX: SGP)
Another option for income investors is Stockland. It is a property group which owns, manages and develops a diverse range of assets such as retail centres and residential properties. It was a solid performer in FY 2019 and has continued this positive form in the new financial year. In light of its positive start to the year, I estimate that its shares offer a generous forward 5.7% distribution yield.
Vanguard Australian Shares High Yield ETF (ASX: VHY)
A final option for income investors to consider is the Vanguard Australian Shares High Yield ETF. This fund is invested in 60 of the highest paying dividend shares on the local market. These include the likes of BHP, Telstra Corporation Ltd (ASX: TLS), Wesfarmers Ltd (ASX: WES), and of course the big four banks. The ETF offers income investors a forecast forward 5.3% dividend yield at present.
The post 4 high yield ASX dividend shares for income investors appeared first on Motley Fool Australia.
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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 Telstra Limited. The Motley Fool Australia owns shares of Wesfarmers 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.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2020