These are the ASX dividend shares income investors should buy now: brokers

A man and woman sit next to each other looking at each other and feeling excited and surprised after reading good news about their shares on a laptop.

A man and woman sit next to each other looking at each other and feeling excited and surprised after reading good news about their shares on a laptop.

If you’re an income investor, then you might want to read on. Because listed below are two ASX dividend shares that have just been rated as buys by brokers.

Here’s what they are saying about these top ASX dividend shares:

QBE Insurance Group Ltd (ASX: QBE)

This insurance giant could be an ASX dividend share to buy.

That’s the view of analysts at Morgans, which remain positive on the company following its trading update this week. The broker has an add rating and $14.89 price target on its shares.

While QBE’s catastrophe claims will be higher than allowances in FY 2022, the broker believes this is still “a reasonable effort in what has been a very volatile year for weather.”

In light of this, the broker remains positive and notes how “tailwinds such as rising bond yields, premium rate increases and cost out will drive an improved earnings profile for QBE over the next few years.”

Morgans expects this to lead to a 42.6 cents per share dividend in FY 2022 and then a 90.3 cents per share dividend in FY 2023. Based on the latest QBE share price of $12.85, this equates to yields of 3.3% and 7%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Another ASX dividend share that has recently been rated as a buy is Stockland. It is a residential and land lease developer and retail, logistics, and office real estate property manager.

Goldman Sachs is a fan of the company. Earlier this month, the broker retained its buy rating with a $4.40 price target.

Its analysts like Stockland due to its exposure to industrial property. The broker continues to “hold a favourable view on the industrial sector more broadly with a number of trends underpinning long-term demand.”

It also highlights the recently refreshed corporate strategy and the sale of its low returning Retirement division as other positives.

In respect to dividends, Goldman is forecasting dividends per share of 27.6 cents in FY 2023 and 28.3 cents in FY 2024. Based on the current Stockland share price of $3.71, this will mean yields of 7.4% and 7.6%, respectively.

The post These are the ASX dividend shares income investors should buy now: brokers appeared first on The Motley Fool Australia.

Why skyrocketing inflation doesn’t have to be the death of your savings…

Goldman Sachs has revealed investors’ savings don’t have to go up in smoke because of skyrocketing inflation… Because in times of high inflation, dividend stocks can potentially beat the wider market.

The investment bank’s research is based on stocks in the S&P 500 index going as far back as 1940.

This FREE report reveals THREE stocks not only boasting inflation fighting dividends but also have strong potential for massive long term gains…

Yes, Claim my FREE copy!
*Returns as of November 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/VtYG6zk

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