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Are you planning to add dividend shares to your portfolio this month? Then take a look at what is listed below.
Analysts are advised to increase the distribution of both dividend shares over the next few years. Here’s what you need to know about them:
First of all, ASX’s dividend share is a leading provider of automotive parts, accessories, equipment, services and solutions in the Asia Pacific region.
Bapcor has grown at a steady rate over the last few years. This is underpinned by its strong market position, expanding store footprint, favorable turnaround in consumer spending, and strong demand for used cars.
In 2022, due to the blockade of the previous year and the strong sales cycle, we expect some calm, but we still tend to pay attractive dividends.
For example, Citi’s team forecasts a full-frank dividend of 23 cents in 2022 and 25 cents in 2023. Based on the current Bapcor price-earnings ratio of $ 6.79, this means yields of 3.4% and 3.7%. Each.
Citi has a purchase rating for the company’s stock and a price target of $ 8.25.
Centuria Industrial REIT (ASX: CIP)
Another notable ASX dividend share is Centuria Industrial.It is the largest pure play industrial in Japan. REIT Located in major metropolitan areas across Australia, it has a portfolio of high quality industrial assets backed by a diverse and high quality tenant base.
Management states that its portfolio is in a good position, with 89% weight on Australia’s high-performance East Coast industrial market, backed by a strong tenant base. For the latter, about 62% of portfolio revenue comes from residents who are directly involved in consumer staples, telecommunications, pharmaceutical manufacturing, packaging and distribution.
Macquarie is a fan of the company. Analysts forecast dividends per share of 17.3 cents in 2022 and 18.7 cents in 2023. Based on the current price-earnings ratio of $ 3.70 from Centuria Industrial, this means yields of 4.7% and 5%, respectively.
The broker is above its stock rating and $ 4.16 price target.
These ASX dividend stocks have been chipped as a buy this month
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