If you're currently building an income portfolio, then you may want to look at the shares listed below.
Here's why these ASX dividend shares could be in the buy zone right now:
Charter Hall Social Infrastructure REIT (ASX: CQE)
The first ASX dividend share for investors to consider is the Charter Hall Social Infrastructure REIT.
It is a real estate investment trust with a focus on social infrastructure properties which have specialist use, limited competition, and low substitution risk. These are bus depots, police and justice services facilities, and childcare centres. In respect to the latter, the Charter Hall Social Infrastructure REIT is actually the largest owner of early learning centres in Australia.
Goldman Sachs is very positive on the company's future. So much so, it currently has a conviction buy rating and $4.20 price target on its shares.
It is also forecasting growing dividends per share of 17.2 cents in FY 2022 and 18.3 cents in FY 2023. Based on its current share price of $3.74, this implies yields of 4.6% and 4.9%, respectively.
Super Retail Group Ltd (ASX: SUL)
Another ASX dividend share to look at is this retail conglomerate. It is the company behind popular retail brands BCF, Macpac, Rebel, and Supercheap Auto.
Super Retail's shares have come under pressure this year following a tough first half of FY 2022 due largely to COVID lockdowns. Though, it is worth highlighting that it still delivered strong double-digit like for like sales growth across its BCF, Rebel, and Supercheap Auto businesses on a two-year basis.
The team at Morgans believe the company will bounce back strongly and see the recent share price weakness as a buying opportunity. In light of this, it recently upgraded Super Retail's shares to an add rating with a $13.80 price target.
As for dividends, the broker is forecasting fully franked dividends of 59 cents per share in FY 2022 and 61 cents per share in FY 2023. Based on the current Super Retail share price of $9.77, this will mean yields of 6% and 6.2%, respectively.
