Income investors are a lucky bunch! The Australian share market is home to a large number of quality dividend shares.

But which ones could be buys? Two that brokers rate highly are listed below. Here’s what you need to know about them:

HomeCo Daily Needs REIT (ASX: HDN)

HomeCo Daily Needs could be an ASX dividend share to buy right now.

In case you’re not familiar with HomeCo Daily Needs, it is a property investment company with a focus on convenience-based assets. These are assets predominantly found across neighbourhood retail, large format retail, and health and services. Essentially, anything that provides daily needs to the public.

Morgans is very positive on the company and believes it is well-placed to benefit from “accelerating click & collect trends” and its development pipeline. The broker currently has an add rating and $1.50 price target on its shares.

In addition, it is forecasting some big dividend yields in the near term. The broker expects dividends per share of 8.3 cents in FY 2023 and then 8.4 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.21, this will mean yields of 6.9% and 7%, respectively.

Premier Investments Limited (ASX: PMV)

Another ASX dividend share to consider buying is Premier Investments.

It is the retail conglomerate behind popular brands such as Just Jeans, Peter Alexander, and Smiggle.

Analysts at Macquarie are very positive on the company. In response to its recent half-year results release, which came in ahead of expectations, the broker retained its outperform rating with an improved price target of $30.50.

The broker is also now forecasting fully franked dividends per share of $1.24 in FY 2023 and then 97 cents in FY 2024. Based on the latest Premier Investments share price of $25.41, this will mean yields of 4.9% and 3.8%, respectively, for income investors.

The post Brokers say these ASX dividend shares are buys appeared first on The Motley Fool Australia.

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More reading

• How I’d try to turn a $20k ASX share portfolio into a second income of $6,000 a year
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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 recommended Premier Investments. 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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