If you're an income investor looking for ASX dividend shares to buy when the market reopens, then read on!
Listed below are two ASX dividend shares that have been rated as buys and tipped to provide investors with attractive yields in the coming years.
Here's what you need to know about these shares:
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Charter Hall Retail REIT (ASX: CQR)
The first ASX dividend share that has been named as a buy is the Charter Hall Retail REIT.
It is a property investment company with a focus on high-quality Australian supermarket-anchored convenience and convenience-plus shopping centres.
Analysts at Citi rate the company highly. This is due partly because of its "defensive net property income growth despite rising interest rate profile." It also highlights its "undemanding" valuation.
In addition, Citi expects big dividend yields in the coming years. It is forecasting dividends of 25 cents per share in both FY 2024 and FY 2025. Based on the current Charter Hall Retail share price of $3.61, this equates to yields of 6.9%.
Citi also sees decent upside for its shares with its buy rating and $4 price target.
Endeavour Group Ltd (ASX: EDV)
Another ASX dividend share that could be a buy is Endeavour.
Goldman Sachs is a big fan of the Dan Murphy's and BWX owner. It likes the drinks giant due to its industry-leading position and attractive valuation following recent weakness.
It recently highlighted that its shares trade "at an attractive 16.9x FY24 P/E vs 5.2% EPS 23-26e CAGR for a staple with clear market leading position."
In addition, the broker is expecting decent yields from its shares in the coming years. Goldman is forecasting fully franked dividends of approximately 21 cents per share in FY 2024 and 23 cents per share in FY 2025. Based on the current Endeavour share price of $5.21 this equates to yields of 4% and 4.4%, respectively.
Goldman has a buy rating and a $6.40 price target on the company's shares.
