If you’re an income investor searching for dividend shares to buy, then you may want to take a look at the ones listed below.
These ASX dividend shares offer investors very attractive yields in the current low interest environment. Here’s what you need to know about them:
Charter Hall Social Infrastructure REIT (ASX: CQE)
The first ASX dividend share to look at is the Charter Hall Social Infrastructure REIT. It is the largest ASX-listed real estate investment trust investing in social infrastructure properties.
These properties include high quality assets in strategic locations with specialist use, limited competition, and low substitution risk. This includes childcare centres and government properties. Management believes that targeting these types of assets will result in high tenant retention rates over the long term and ongoing capital growth.
Goldman Sachs is a fan of Charter Hall Social Infrastructure REIT. It currently has a conviction buy rating and $3.35 price target on its shares.
In addition, the broker is forecasting a 15 cents per share dividend in FY 2021. Based on the current Charter Hall Social Infrastructure REIT share price, this represents a 4.8% yield.
Wesfarmers Ltd (ASX: WES)
Another dividend share to consider buying is Wesfarmers. Thanks largely to its key Bunnings business, this conglomerate has been a very positive performer over the last 12 months. Bunnings’ strong form has been driven by government stimulus and a redirection of consumer spending from holidays to home improvements.
The good news is that the Bunnings business continues to perform well and is being supported by growth in other businesses such as Kmart, Target, and Catch. This appears to have positioned the company to deliver a strong full year result in FY 2021.
Credit Suisse is a fan of the company and has an outperform rating and $55.83 price target on its shares. The broker is also expecting a $1.90 per share fully franked dividend this year. Based on the latest Wesfarmers share price, this will mean a ~3.5% dividend yield.
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More reading
- 4 most trusted ASX companies (and the 4 least trusted)
- 2 ASX 200 shares to buy for growth
- ASX 200 Weekly Wrap: Reality (and GameStop) finally hits ASX
- RBA to cut the cash rate again? These ASX dividend shares have attractive yields
- What to expect from the Wesfarmers (ASX:WES) first half result
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Wesfarmers 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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