Experts name 2 quality ASX dividend shares to buy with 5%+ yields

Woman holding $50 notes and smiling.

Woman holding $50 notes and smiling.

Are you looking for dividends shares to buy to boost your income portfolio?

If you are, you may want to check out the two listed below that have been rated as buys.

Here’s what you need to know about these ASX dividend shares:

Centuria Industrial REIT (ASX: CIP)

Centuria Industrial could be a dividend share to buy.

It is a property company with a focus on the booming industrial property market. This is an area in strong demand from end users due to structural drivers. It is for this reason that Centuria Industrial has been on form again in FY 2022, delivering 10% rental growth and an occupancy rate of almost 100%. 

Ord Minnett has been pleased with its performance and is positive on its outlook. As a result, it recently put a buy rating and $3.80 price target on its shares.

As for dividends, the broker is forecasting a 17 cents per share distribution in FY 2022 and a 16 cents per share distribution in FY 2023. Based on the current Centuria Industrial share price of $2.99, this will mean yields of 5.7% and 5.35%, respectively

HomeCo Daily Needs REIT (ASX: HDN)

HomeCo Daily Needs REIT could be another ASX dividend share to buy.

It is also a property company but with a focus on neighbourhood retail, health and services, and large format retail.

The team at Goldman Sachs are very positive on the company. The broker believes the company is well positioned to benefit from the structural shift to omni-channel retailing and sees medium-term growth opportunities from development and asset optimisation.

It is for this reason that Goldman currently has a buy rating and $1.65 price target on its shares.

In addition, the broker sees some big dividend yields on the horizon. Goldman is forecasting dividends per share of 8 cents in FY 2022 and 9 cents in FY 2023. Based on the current HomeCo Daily Needs share price of $1.36, this will mean dividend yields of 5.9% and 6.6%, respectively.

The post Experts name 2 quality ASX dividend shares to buy with 5%+ yields appeared first on The 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’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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