Analysts say these high yield ASX dividend shares are buys

These ASX shares are expected to make it rain dividends for their shareholders.

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If you're looking for high-yield ASX dividend shares to buy, then you may want to check out the two listed below that analysts currently rate as buys.

Here's why they believe these are top options for income investors right now:

Charter Hall Long WALE REIT (ASX: CLW)

The first high-yield ASX dividend share that has been tipped as a buy is the Charter Hall Long Wale REIT.

It is a property company with a focus on in-demand assets with very long leases. At the last count, its weighted average lease expiry (WALE) stood at approximately 12 years.

Ord Minnett is positive on the company and is forecasting some big dividend yields in the near term. Its analysts have pencilled in dividends per share of 28 cents in FY 2023 and then 28.8 cents in FY 2024. Based on its current share price of $4, this will mean yields of 7% and 7.2%, respectively.

The broker currently has a buy rating and a $4.89 price target on its shares.

Super Retail Group Ltd (ASX: SUL)

Another high-yield ASX dividend share that has been tipped as a buy is Super Retail. It is the retailer behind brands such as Macpac, Rebel, and Super Cheap Auto.

Citi is very positive on the company even in the current environment. This is due to its strong market position and the low cyclicality of key categories. It explains:

Overall, we think Super Retail is in a very solid position to manage the slowdown in the consumer environment given its excellent market positions in Auto and Sports and relatively low cyclicality of these categories.

As for dividends, Citi is forecasting fully franked dividends per share of 77 cents in FY 2023 and then 72 cents in FY 2024. Based on the latest Super Retail share price of $10.76, this will mean generous yields of 7.15% and 6.7%, respectively.

Citi currently has a buy rating and a $14.50 price target on its shares.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended Super Retail Group. The Motley Fool Australia has positions in and has recommended Super Retail Group. 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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