If youâre an income investor looking for dividends to boost your income, then you may want to consider the ASX shares listed below.
Both of these ASX dividend shares have been rated as buys and tipped to provide investors with attractive yields in the coming years.
Hereâs what you need to know about these shares:
Dexus Industria REITÂ (ASX: DXI)
The first ASX dividend share that has been tipped as a buy is this industrial and office property company.
Macquarie is positive on the company and has an outperform rating and $3.28 price target on its shares.
Its analysts believe Dexus Industriaâs earnings profile is superior to most of its peers. This is due to its development pipeline and being leveraged to industrial rental growth.
As for dividends, the broker is forecasting dividends per share of 16.4 cents in FY 2023 and 16.7 cents in FY 2024. Based on the current Dexus Industria share price of $2.85, this will mean yields of 5.75% and 5.85%, respectively.
Suncorp Group Ltd (ASX: SUN)
Another ASX dividend share that has been tipped as a buy is Suncorp. It is one of Australiaâs leading insurance and banking companies.
Morgans is a fan of Suncorp and currently has an add rating and $14.44 price target on its shares.
As well as the potential benefits from its efficiency program, the broker likes Suncorp due to its attractive valuation and generous yield. It highlights that â[w]ith SUN trading on 11.5x FY24F earnings and a 6% dividend yield, we see it as reasonable value at current levels.â
Morgans is forecasting fully franked dividends per share of 77.7 cents in FY 2023 and 87.8 cents in FY 2024. Based on the current Suncorp share price of $12.36, this will mean yields of 6.3% and 7.1%, respectively.
The post Brokers say these ASX dividend shares are top buys 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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