Analysts say these ASX dividend shares are top buys

Australian income investors are a lucky bunch. That’s because the Australian share market has a large amount of ASX dividend shares to choose from right now.

But which ones could be buys for investors this week?

Two that analysts are feeling particularly positive about at the moment are listed below. Here’s what sort of dividend yields and capital gains you can expect from them:

Centuria Industrial REIT (ASX: CIP)

The first ASX dividend share that could be a buy according to analysts is Centuria Industrial.

It is Australia’s largest domestic pure play industrial property investment vehicle with a portfolio of high-quality, fit-for-purpose industrial assets.

In response to its half-year results earlier this month, the team at UBS has retained its buy rating and $3.71 price target on its shares.

As for income, the broker is expecting Centuria Industrial to pay dividends per share of 16 cents in both FY 2024 and in FY 2025. Based on the current Centuria Industrial share price of $3.39, this represents yields of 4.7% in both years.

Coles Group Ltd (ASX: COL)

Citi remains very positive on this supermarket giant despite recent price gouging controversy and sees it as an ASX dividend share to buy.

The broker has a buy rating and $17.50 price target on the company’s shares.

While it expects a subdued year in FY 2024, Citi is forecasting solid earnings growth in both FY 2025 and FY 2026.

It expects this to support the payment of fully franked dividends of 64 cents per share in FY 2024 and then 70 cents per share in FY 2025. Based on the current Coles share price of $16.03, this will mean yields of 4% and 4.35%, respectively.

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

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More reading

• Retirees: Here’s how to boost your pension in 2024
• Need an income boost? Buy these ASX dividend stocks
• How price cuts on the shelves could hurt Coles shares
• 3 no-brainer ASX dividend stocks to buy for market-beating returns in 2024
• 3 ASX 200 dividend shares to buy with great yields

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended Coles Group. 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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