Listed below are two ASX dividend shares that analysts have recently rated as buys.
Here’s why they could be top options for income investors right now:
Charter Hall Social Infrastructure REIT (ASX: CQE)
The first ASX dividend share for income investors to consider is the Charter Hall Social Infrastructure REIT. It is the largest Australian ASX-listed real estate investment trust (A-REIT) that invests in social infrastructure properties such as government facilities, healthcare buildings, and childcare centres.
The company has been adding to its portfolio again in FY 2022, which is strengthening its offering and positioning it perfectly for long term rental growth. Especially with its ultra long leases and high portion of fixed rent reviews.
In addition, the company has been tipped to reward shareholders with generous dividends in the coming years. A note out of Goldman Sachs reveals that its analysts expect dividends per share of 17.1 cents in FY 2022 and 17.5 cents in FY 2023. Based on its current share price of $3.93, this implies yields of 4.35% and 4.45%, respectively.
Goldman currently has a conviction buy rating and $4.17 price target on its shares.
Westpac Banking Corp (ASX: WBC)
Another ASX dividend share that could be in the buy zone is Westpac. Although its shares have recovered strongly from their recent lows following a series of decent updates in the sector, the team at Morgans doesn’t believe it is too late to invest.
According to a recent note, the broker has reiterated its add rating and $29.50 price target. This compares favourably to the latest Westpac share price of $22.62.
Morgans believes the market is being too negative on Westpac’s outlook and expects it to re-rate higher as things improve and its cost base reduction plans start to take shape.
As for dividends, the broker has pencilled in fully franked dividends per share of $1.19 in FY 2022 and then $1.60 in FY 2023. This will mean yields of 5.25% and 7.1%, respectively.
The post 2 buy-rated ASX dividend shares with 4%+ yields appeared first on The Motley Fool Australia.
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More reading
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Motley Fool contributor James Mickleboro owns Westpac Banking Corporation. 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 Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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