Analysts name 2 ASX dividend shares to buy

Here are two dividend shares analysts rate as buys…

With savings accounts and term deposits still providing very low interest rates, the share market arguably remains the best place to earn a passive income.

But which ASX dividend shares should you consider buying? Two to look at are listed below:

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Image source: Getty Images

Centuria Industrial Reit (ASX: CIP)

Income investors might want to take a look at Centuria Industrial. This industrial focused property company has built a portfolio of quality assets aiming to deliver income and capital growth for investors.

It has also just added to this portfolio with the acquisition of eight freehold urban infill industrial assets for $351.3 million. This acquisition expands Centuria Industrial's exposure across attractive industrial sub-sectors including distribution centres, cold storage, and transport logistics.

One broker that was pleased with the acquisition was Macquarie. In response to the deal, the broker retained its outperform rating and lifted its price target to $4.22.

As for dividends, Macquarie is forecasting a 17.3 cents per share distribution in FY 2022 and an 18.4 cents per share distribution in FY 2023. Based on the current Centuria Industrial share price of $3.65, this will mean yields of 4.7% and 5%.

National Australia Bank Ltd (ASX: NAB)

Another ASX dividend share for income investors to consider is NAB.

This banking giant could be a good option due to its improving outlook, strong balance sheet, and proposed acquisition of Citibank's Australian consumer business. This acquisition gives NAB exposure to an area that it was significantly underweight and could bode well for future growth.

Goldman Sachs is very positive on the bank. It likes NAB due to its cost management initiatives, its position as the largest business bank, and its strong capital position.

The broker has a conviction buy rating and $30.62 price target on the bank's shares. In addition, it is forecasting fully franked dividends per share of 125 cents in FY 2021, 140 cents in FY 2022, and 145 cents in FY 2023.

Based on the current NAB share price of $27.24, this will mean yields of 4.5%, 5.1%, and 5.3%, respectively.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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