If you're an income investor in search of dividend shares, then look no further.
Listed below are two ASX dividend shares that are highly rated. Here's what you need to know about them:
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Charter Hall Social Infrastructure REIT (ASX: CQE)
The first ASX dividend share to look at is the Charter Hall Social Infrastructure REIT.
This company appears well-positioned to grow its dividend at a consistently solid rate long into the future. This is thanks to its focus on high quality social infrastructure properties.
These properties, such as childcare centres and government properties, have specialist use, limited competition, and low substitution risk. They also come with ultra long leases and fixed rent reviews.
For example, at the end of the first half, the Charter Hall Social Infrastructure REIT had an occupancy rate of 99.7% and a weighted average lease expiry (WALE) of 14 years.
In FY 2021, the company intends to pay a distribution of 15.7 cents per unit to shareholders. Based on the current Charter Hall Social Infrastructure share price, this represents a 4.9% yield.
Goldman Sachs is a fan of the company and has a conviction buy rating and $3.45 price target on its shares.
Super Retail Group Ltd (ASX: SUL)
Another ASX dividend share to consider buying is Super Retail. It is the company behind retail brands BCF, Macpac, Rebel, and Super Cheap Auto.
It has been a very positive performer during the pandemic. In February, Super Retail reported a 23% increase in half year sales to $1.78 billion and a 139% increase in underlying net profit after tax to $177.1 million.
Management advised that this was driven by like for likes sales growth, strong online sales, and margin expansion.
Goldman Sachs is also a fan of Super Retail and expects it to have a strong second half. So much so, the broker believes the company will be in a position to pay shareholders a special dividend with its full year results.
Its analysts are forecasting an 81 cents per share fully franked dividend for FY 2021. Based on the latest Super Retail share price, this represents a 6.8% yield.
Goldman currently has a buy rating and $15.00 price target on its shares.
