Looking for ASX income shares to buy? Then look no further because the three listed below have recently been named as buys.
Here's what you need to know about them:
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ANZ Group Holdings Ltd (ASX: ANZ)
This banking giant could be an ASX income share to buy according to analysts at Goldman Sachs. They are positive on the bank due to its key institutional business, which they believe will perform well in the current environment. The broker currently has a buy rating and a $27.38 price target on its shares.
In respect to dividends, the broker is forecasting fully franked dividends per share of $1.62 in both FY 2023 and FY 2024. Based on the current ANZ share price of $25.47, this will mean yields of 6.35%.
Charter Hall Group (ASX: CHC)
Another ASX income share that could be a buy is Charter Hall. It is a property fund manager and developer across the office, retail, industrial and residential sectors.
Citi is positive on the company and has a buy rating and a $14 price target on its shares.
As for dividends, the broker is forecasting dividends per share of 45 cents in FY 2024 and 48 cents in FY 2024. Based on the current Charter Hall share price of $9.74, this will mean yields of 4.6% and 4.9%, respectively.
Super Retail Group Ltd (ASX: SUL)
A final ASX income share that could be a buy is Super Retail. It is the diversified retailer responsible for popular brands including Rebel and Super Cheap Auto.
Goldman Sachs is also positive on Super Retail and believes it will "will display resilience in a softer economic environment that is built upon its competitive advantage of high loyalty." It has a buy rating and a $14.40 price target on its shares.
As for income, the broker is forecasting fully franked dividends per share of 62 cents in FY 2024 and then 64 cents in FY 2025. Based on the latest Super Retail share price of $13.41, this will mean generous yields of 4.6% and 4.8%, respectively.
