If you're an income investor looking for dividends to boost your income, then you may want to consider the two ASX shares listed below.
Both ASX dividend shares have been rated as buys and tipped to provide investors with attractive dividend yields.
Here's what you need to know about these shares:
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HomeCo Daily Needs REIT (ASX: HDN)
The first ASX dividend share that has been tipped as a buy is HomeCo Daily Needs.
It is a property investment company with a focus on daily needs assets. These are properties found across neighbourhood retail, large format retail, and health and services.
Morgans is a fan of the company and believes it is well-positioned for the future thanks to "click & collect trends" and its development pipeline.
The broker expects this to support dividends per share of 8.3 cents in FY 2023 and then 8.4 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.20, this will mean yields of 6.9% and 7%, respectively.
Morgans has an add rating and a $1.50 price target on its shares.
Super Retail Group Ltd (ASX: SUL)
Another ASX dividend share that could be a buy is Super Retail. It is the retail group behind the BCF, Macpac, Rebel, and Super Cheap Auto brands.
Goldman Sachs is positive on the retailer. This is because of the resilience of its businesses and its loyalty program. The broker believes the latter is a "competitive advantage" that will be "further bolstered in 2H23 as the company launches the Rebel loyalty program and continues to build personalisation capabilities."
In respect to income, the broker expects fully franked dividends per share of 71 cents in FY 2023 and then 63 cents in FY 2024. Based on the current Super Retail share price of $12.44, this will mean yields of 5.7% and 5.1%, respectively.
Goldman has a buy rating and a $13.60 price target on its shares.
