Are you looking for some excellent ASX dividend shares to add to your income portfolio?
Then you might want to take a look at the ones listed below. Here's what you need to know about these dividend shares:
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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.
The Charter Hall Social Infrastructure REIT is a Real Estate Investment Trust that is the largest Australian property trust investing in social infrastructure properties within Australia and New Zealand.
These properties include childcare centres and government properties that have specialist use, limited competition, and low substitution risk. Another positive is that they come with 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.
This bodes well for distribution growth in the coming years. In the meantime, 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 4.6% yield.
Goldman Sachs has a buy rating and $3.45 price target on its shares.
Sydney Airport Holdings Pty Ltd (ASX: SYD)
Another ASX dividend share to look at is Sydney Airport. While the airport operator has had a tough 12 months because of the pandemic, traffic numbers continue to improve. And with vaccines rolling out across both Australia and the globe, these numbers look likely to continue to grow over the next 12 months and beyond.
Goldman Sachs is also a fan of Sydney Airport. While it isn't expecting much by way of dividends in FY 2021, the broker expects this to change in FY 2022.
It is forecasting an 8.8 cents per share dividend in FY 2021 and then 27.1 cents per share in FY 2022. Based on the current Sydney Airport share price of $5.92, this will mean yields of 1.5% and 4.6%, respectively.
Goldman has a buy rating and $6.73 price target on its shares.
