Analysts name 2 top ASX dividend shares with big yields to buy

Looking for dividends shares to buy to boost your income portfolio? If you are, you may want to check out the two listed below.

Here’s what you need to know about these ASX dividend shares:

Centuria Industrial REIT (ASX: CIP)

The first ASX dividend share to look at is Centuria Industrial.

It is the owner of a portfolio of high-quality and in-demand industrial assets found across key metropolitan locations throughout Australia.

Centuria Industrial has been on form again so far in FY 2022, delivering 10% rental growth and an occupancy rate just a touch short of 100%. And with demand for industrial properties remaining very strong, the team at Macquarie expect the company to be in a position to pay some very attractive dividends in the near term.

Furthermore, due to recent share price weakness, the broker sees plenty of value in the Centuria Industrial share price at the current level, which it notes is trading at a large discount to net tangible assets. As a result, Macquarie has put an outperform rating and $3.94 price target on its shares.

As for dividends, the broker is forecasting a 17.3 cents per share distribution in FY 2022 and a 16.8 cents per share distribution in FY 2023. Based on the current Centuria Industrial share price of $2.87, this will mean yields of 6% and 5.8%, respectively

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend share that has been rated as a buy is HomeCo Daily Needs REIT. It is a property company with a focus on neighbourhood retail, health and services, and large format retail.

Goldman Sachs is a big fan of HomeCo Daily Needs and has a buy rating and $1.70 price target on its shares.

Its analysts believe the company is well positioned to benefit from the shift to omni channel retailing. The broker also points out that the company has additional opportunities to drive earnings growth over the medium-term from development and asset optimisation.

As for dividends, Goldman is forecasting dividends per share of 8 cents in FY 2022 and 9 cents in FY 2023. Based on the current HomeCo Daily Needs share price of $1.30, this will mean dividend yields of 6.1% and 6.9%, respectively.

The post Analysts name 2 top ASX dividend shares with big yields to buy appeared first on The Motley Fool Australia.

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More reading

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• Experts name 2 ASX dividend shares with big yields to buy
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• Analysts name 2 top ASX 200 dividend shares to buy now

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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