2 growing ASX dividend shares given buy ratings

If you're wanting to beat low interest rates in 2021, then you might want to look at the dividend shares …

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If you're wanting to beat low interest rates in 2021, then you might want to look at the dividend shares listed below.

They offer investors attractive yields that are vastly superior to term deposits and savings accounts. Here's what you need to know about them:

ASX shares profit upgrade chart showing growth

Image source: Getty Images

Aventus Group (ASX: AVN)

Aventus is a leading owner, manager, and developer of retail parks. It has a portfolio of 20 centres featuring a diverse tenant base of 593 quality tenancies. At the last count, national retailers represented 87% of its total portfolio.

In addition, the company has overweight exposure to the household goods sector and everyday needs. Given how positively this side of the retail market has performed during the pandemic, this has allowed Aventus to collect rent largely as normal in FY 2021. This led to Aventus reporting a 6.5% increase in funds from operations (FFO) to $55.9 million during the first half.

Goldman Sachs is a fan of Aventus. It currently has a buy rating and $3.27 price target on its shares. The broker is also forecasting very generous dividends in the coming years. Based on the latest Aventus share price of $3.17, it estimates yields of ~5.3% and ~6% in FY 2021 and FY 2022, respectively.

Carsales.Com Ltd (ASX: CAR)

Another ASX dividend share to look at is Carsales. It is the auto listings company dominating the ANZ market and operating in a number of international markets.

Carsales has been a positive performer over the last decade, delivering consistently solid growth over the period. Pleasingly, this has continued in FY 2021. Carsales expects revenue of $433 million to $437 million and adjusted net profit after tax of $149 million to $153 million this year. The latter represents an 8% to 11% increase on FY 2020's profit of $138 million.

Analysts at UBS are positive on the company. They currently have a buy rating and $24.00 price target on its shares. UBS is also forecasting dividends of 44 cents per share in FY 2021 and 50 cents per share in FY 2022. Based on the current Carsales share price of $21.90, this will mean fully franked yields of 2% and 2.3%, respectively.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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 and carsales.com Limited. 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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