Analysts nominate two ASX dividend shares to buy

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Are you looking for some top ASX dividend stocks to add to your income portfolio? If so, you may want to see what is listed below.

Here’s what you need to know about these highly valued dividend stocks:

Australian and New Zealand Bank Grp Ltd (ASX: ANZ)

The first dividend share to consider is ANZ. Thanks to its solid position in business banking, it has the potential to become the top option in this sector for now. This provides some protection for ANZ from the aggressive and margin-squeezing competition in retail banking for mortgages.

The Morgans team is very positive about banks. The broker is currently setting an additional rating on the stock and a price target of $ 31.00. This is comparable to the current ANZ stock price of $ 27.27.

Morgans also expects bank dividends to grow steadily over the next few years. We achieved a full-frank dividend of $ 1.47 in 2022 and $ 1.64 in 2023. this is, Yields of 5.4% and 6%, respectively.

Charter Hall Social Infrastructure REIT (ASX: CQE)

Another notable dividend share is the Charter Hall Social Infrastructure REIT. A real estate investment trust centered on social infrastructure.

The properties invested by the company include bus stops, police and judicial service facilities, and day care centers. These are properties with low professional use, limited competition and low risk of substitution.

Goldman Sachs is a fan of the company and has a conviction purchase rating and a $ 3.91 price target for its shares. REITs believe they are positioned towards a solid growth outlook thanks to their strong balance sheet. Keep in mind that this provides room and liquidity to pursue investment opportunities, especially government and healthcare sales and leaseback assets.

In addition, brokers forecast dividends per share of 16.9 cents in 2022 and 17.7 cents in 2023. Based on the current price-earnings ratio of the Charter Hall Social Infrastructure REIT of $ 3.82, this means yields of 4.4% and 4.6%, respectively.

Analysts nominate two ASX dividend shares to buy

Source link Analysts nominate two ASX dividend shares to buy

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