Are you looking for some ASX dividend shares to buy for your income portfolio? If you are, then the two listed below could be worth considering.

Both have been named as buys and tipped to provide investors with good yields. Here’s what you need to know about them:

HomeCo Daily Needs REIT (ASX: HDN)

The first ASX dividend share that has been named as a buy is HomeCo Daily Needs.

As its name implies, this is a property company with a focus on properties that serve daily needs. These are convenience-based assets found in metro locations such as large format retail and health and services.

Morgans is very positive on the company. This is due to its exposure to daily needs assets and “large development pipeline.”

The broker also expects some very big dividend yields in the near term. It is forecasting dividends per share of 8.3 cents in FY 2023 and 8.4 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.18, this will mean dividend yields of 7% and 7.1%, respectively.

Morgans has an add rating and $1.50 price target on HomeCo Daily Needs’ shares.

National Australia Bank Ltd (ASX: NAB)

Another ASX dividend share that has been named as a buy is NAB. It is of course one of Australia’s big four banks.

Goldman Sachs is positive on the bank and has named it one of only two to buy right now. This is due largely to the bank’s exposure to commercial lending, which it believes will fare better than home lending in the near term and its belief that NAB “provides the best exposure to this thematic.”

In respect to dividends, Goldman is expecting this to support fully franked dividends of $1.68 per share both FY 2023 and FY 2024. Based on the current NAB share price of $29.09, this implies yields of 5.8% for income investors.

Goldman Sachs has a buy rating and $33.06 price target on its shares.

The post Buy NAB and this ASX dividend share: analysts appeared first on The Motley Fool Australia.

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More reading

• What’s happening with ASX 200 banks today as First Republic teeters on the brink of collapse?
• Investing in ASX 200 shares? Here’s what to expect from the RBA tomorrow
• Why did the NAB share price smash the ASX 200 in April?
• Analysts say these ASX 200 dividend stocks are top buys
• Should I buy NAB shares ahead of next week’s half-year results?

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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