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If you are looking to increase your income with some dividend stocks, you may want to consider the ones listed below.
Here’s why analysts gave a purchase rating:
The first ASX dividend share to look at is Aventus. It is a fully integrated owner, manager, and developer of a large retail center with a portfolio of 20 centers worth $ 2.3 billion.
Throughout these centers, the company has a diverse tenant base of 593 tenants, with retailers nationwide accounting for 88% of the total portfolio.
Despite the pandemic, Aventus continues to experience strong demand for tenants. As a result, the company reported a 98.8% occupancy in 2021. This confirms that operating capital increased by 9.6% to $ 110 million annually.
The Goldman Sachs team is very positive about the company. Currently, the stock has a purchase rating and a price target of $ 3.40. Goldman also forecasts a dividend of 17.8 cents per share in 2022 and 19.4 cents per share in 2023.
Based on the current Aventus share price of $ 3.27, this means yields of 5.4% and 5.9%, respectively.
Westpac Banking Corp (ASX: WBC)
The stocks of this banking giant may have risen significantly this year, but many major brokers still believe they are of good value.
This is largely due to its strong capital position, improved trading conditions and its bold cost-cutting goals. For the latter, Westpac aims to reduce its cost base to $ 8 billion over the next few years. This is a significant reduction from the current $ 12.7 billion.
This is the main reason why Citi is a big fan of banks. The broker currently has a purchase rating and a $ 30.00 price target on the stock. This is compared to the latest Westpac share price of $ 25.88.
Citi forecasts a full-frank dividend of $ 1.16 per share in 2021 and $ 1.30 per share in 2022. This corresponds to yields of 4.5% and 5%, respectively, over the next few years.
Two buy-rated ASX dividend stocks with yields of 4% or higher
Source link Two buy-rated ASX dividend stocks with yields of 4% or higher