Analysts name 2 ASX dividend shares to buy with 5%+ yields

Here are two ASX dividend shares to buy now…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you looking for dividend shares to add to your income portfolio? If you are, then the two listed below could be worth considering.

Not only have these dividend shares been rated as buys, but they have also been tipped to provide investors with attractive yields.

Here's what you need to know about them:

Australian notes and coins mixed together.

Image source: Getty Images

Australia and New Zealand Banking Group (ASX: ANZ)

The first dividend share for investors to look at is ANZ. It could be a good option for investors that don't already have exposure to the banking sector. Particularly given recent volatility, which has dragged the ANZ share price lower. This means its shares are currently trading far closer to their 52-week lows than their 52-week highs.

One broker that appears to see this as a buying opportunity is Citi. It currently has a buy rating and lofty $30.75 price target on the bank's shares.

Its analysts are also expecting some big dividend yields from ANZ's shares in the coming years following the aforementioned decline. It has has pencilled in fully franked dividends per share of 147 cents in FY 2022 and then 170 cents in FY 2023. Based on the current ANZ share price of $21.93, this implies yields of 6.7% and 7.75%, respectively.

Centuria Industrial REIT (ASX: CIP)

Another ASX dividend share that has been rated as a buy is industrial REIT, Centuria Industrial.

It could be a top option for investors thanks to the robust demand for industrial properties. In fact, demand has been so strong that during the first half Centuria Industrial reported an ~9-year weighted average lease expiry with a 99.2% portfolio occupancy. This underpinned strong funds from operation (FFO) and allowed management to upgrade its guidance.

Macquarie remains very positive on Centuria Industrial. Last month it put an outperform rating and $3.94 price target on its shares. This suggests major upside potential for the company's shares over the next 12 months.

As for dividends, the broker is forecasting dividends per share of 17.3 cents in FY 2022 and 16.8 cents FY 2023. Based on the current Centuria Industrial share price of $2.93, this equates to yields of 5.9% and 5.7%, respectively.

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.

More on Dividend Investing

Woman holding $50 notes with a delighted face.
Dividend Investing

Why this ASX dividend share is a retiree's dream

This stock can offer investors everything they want in retirement.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Why ASX dividend investing still works for building long-term wealth

Here's a strategy that continues to deliver results for investors.

Read more »

Happy young woman saving money in a piggy bank.
Dividend Investing

How to build a $10,000 annual income with ASX shares

For me, building income is less about chasing yield and more about consistency, quality, and time.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

3 ASX dividend shares near 52-week lows with very tempting yields

These REITs now offer higher yields and rebound potential.

Read more »

Woman relaxing at home on a chair with hands behind back and feet in the air.
Dividend Investing

My top ASX passive income picks for April

Passive income takes time to build, but I think starting with the right mix of assets can make a big…

Read more »

Person handing out $100 notes, symbolising ex-dividend date.
Dividend Investing

Own ASX IOZ or other iShares ETFs? Here is your next dividend

BlackRock has announced the next round of distributions for a range of its ASX iShares ETFs.

Read more »

A woman looks excited as she holds Australian dollars in the air.
Dividend Investing

ASX passive income: How much do I need to invest in to earn $1,000 per week?

It's more achievable than you'd think.

Read more »

Person with a handful of Australian dollar notes, symbolising dividends.
Dividend Investing

2 ASX shares with dividend yields above 8%

These businesses offer an exceptionally high dividend yield for investors.

Read more »