If you’re an income investor on the lookout for some new additions, then you may want to check out the two ASX dividend shares listed below.
Here’s why these giants could be in the buy zone:
Charter Hall Social Infrastructure REIT (ASX: CQE)
The first ASX dividend share to look at is the Charter Hall Social Infrastructure REIT.
This real estate investment trust has a focus on social infrastructure properties, such as bus depots, police and justice services facilities, and childcare centres. All of which are in demand with end users and command very long leases, as evidenced in its 100% occupancy rate and weighted average lease expiry of 14.6 years.
The team at Goldman Sachs is positive on the company and currently has a conviction buy rating and $4.20 price target on its shares
As for dividends, Goldman is forecasting dividends per share of 17.2 cents in FY 2022 and 18.3 cents in FY 2023. Based on its current share price of $3.93, this implies yields of 4.4% and 4.65%, respectively.
Wesfarmers Ltd (ASX: WES)
Another ASX dividend share that could be in the buy zone is Wesfarmers. It is one of Australia’s leading conglomerates with a quality portfolio of retail, industrial, and mining businesses.
Morgans is very positive on Wesfarmers. It believes Wesfarmers is well-placed to benefit when trading conditions improve. Overall, it views the company as a core portfolio holding for long-term investors.
As a result, the broker currently has an add rating and $58.50 price target on its shares.
In respect to dividends, Morgans is forecasting fully franked dividends of $1.62 per share in FY 2022 and then $1.81 per share in FY 2023. Based on the current Wesfarmers share price of $51.17 this will mean yields of 3.2% and 3.5%, respectively.
The post 2 ASX dividend shares with attractive yields analysts rate as buys appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of January 12th 2022
More reading
- It’s payday for Wesfarmers shareholders today. Here’s the deal
- ‘Popping the champagne’: ASX retail shares leap following budget consumer handouts
- 5 things to watch on the ASX 200 on Wednesday
- Could these ASX shares get a boost from tonight’s federal budget?
- Wesfarmers (ASX:WES) share price falls after top broker calls Bunnings owner a sell
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 owns and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/Ds2CHPX
Leave a Reply