If you're looking for ASX dividend shares to buy, then you may want to check out the two listed below.
Both have recently been named as buys by analysts. Here's why they rate them highly:
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Australia and New Zealand Banking Group Ltd (ASX: ANZ)
The first ASX dividend share that analysts are tipping as a buy is big four bank ANZ Bank.
Among the many analysts that are bullish on the bank are the team at Citi. They believe that ANZ will experience a boost to its earnings and dividend in FY 2023 and FY 2024 thanks to cash rate rises.
The bank also recently announced an agreement to acquire the banking operations of Suncorp Group Ltd (ASX: SUN) for $4.9 billion. If this goes through, it will give ANZ's operations in the Queensland market a significant boost. Citi believes the deal meets a strategic objective at a reasonable price.
As for dividends, the broker is forecasting fully franked dividends of $1.44 per share in FY 2022 and $1.65 per share in FY 2023. Based on the current ANZ share price of $22.86, this will mean yields of 6.3% and 7.2%, respectively.
Citi also sees plenty of upside for the ANZ share price. It currently has a buy rating and $29.00 price target on the bank's shares.
Centuria Industrial REIT (ASX: CIP)
Another ASX dividend share to look at is Centuria Industrial. It is the largest domestic pure play industrial REIT on the Australian share market.
It has been performing strongly in recent years and continued this trend in FY 2022. Thanks to strong demand for industrial space, earlier this month Centuria Industrial released its full year results and revealed that its occupancy increased to ~99% with a weighted average lease expiry of 8.3 years. This underpinned a 22% increase in funds from operations to $111.7 million.
Macquarie is a fan of the company and was pleased with its performance. It currently has an outperform rating and $3.69 price target on its shares.
As for dividends, the broker is expecting dividends per share of approximately 16 cents in FY 2023 and FY 2024. Based on the current Centuria Industrial share price of $3.04, this will mean yields of 5.3% for investors.
