Top broker names 2 ASX dividend shares to buy

Smiling man sits in front of a graph on computer while using his mobile phone.

Smiling man sits in front of a graph on computer while using his mobile phone.

Searching for dividend shares to buy? Listed below are two that the team at Morgans has slapped buy ratings on.

Here’s what the broker is saying about them:

Dexus Industria REIT (ASX: DXI)

Morgans thinks Dexus Industria could be a dividend share to buy. This is due to its attractive valuation and exposure to industrial and logistics assets.

The broker currently has an add rating and $3.25 price target on its shares. It commented:

DXI’s portfolio is valued at $1.76bn and is weighted 79% towards industrial and logistics assets. The weighted average cap rate is 5.1%; WALE 5.9 years; and occupancy 97%. DXI is trading at a discount to NTA, offers an attractive yield with solid underlying portfolio metrics and has near/medium-term growth opportunities via the development pipeline.

Morgans is forecasting dividends per share of 16.4 cents in FY 2023 and 16.9 cents in FY 2024. Based on the latest Dexus Industria share price of $2.60, this will mean yields of 6.3% and 6.5%, respectively.

QBE Insurance Group Ltd (ASX: QBE)

Another dividend share to buy according to the broker is QBE. It feels the tide is turning for the insurance giant and the next few years could be very positive for the company and its shareholders.

Morgans has an add rating and $14.93 price target on its shares. The broker said:

With strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits to come, we expect QBE’s earnings profile to improve strongly over the next few years. The stock also has a robust balance sheet and remains relatively inexpensive overall trading on ~9.1x FY23F PE

Its analysts are expecting dividends per share of 41.8 cents in FY 2022 and then 77 cents in FY 2023. Based on the latest QBE share price of $11.92, this will mean yields of 3.5% and 6.5%, respectively.

The post Top broker names 2 ASX dividend shares to buy 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

See The 5 Stocks
*Returns as of September 1 2022

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

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.

from The Motley Fool Australia https://ift.tt/HndyK3k

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s