Here are 2 ASX dividend shares analysts rate highly

These two dividend shares are rated as buys…

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With low interest rates still at very low levels, it remains a difficult period for income investors.

The good news is there are plenty of ASX dividend shares that can help you overcome low rates.

Two such dividend shares are listed below. Here's what you need to know about them:

ASX dividend shares represented by cash in jeans back pocket

Image source: Getty Images

Healius Ltd (ASX: HLS)

The first ASX dividend share to look at is Healius. It is a healthcare company with a focus on pathology, diagnostic imaging, day hospitals, and IVF.

Healius has been a very strong performer over the last 18 months thanks largely to its pathology business, which is experiencing significant demand for COVID-19 testing services. And with demand unlikely to soften for some time to come, the company has been tipped to generate strong earnings and dividends again in FY 2022 by the team at Macquarie.

According to a recent note, the broker has an outperform rating and $5.55 price target on its shares.

Macquarie is forecasting fully franked dividends per share of 19.5 cents in FY 2022 and 13.9 cents in FY 2023. Based on the current Healius share price of $4.82, this will mean yields of 4% and 2.9%, respectively.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share to consider is Super Retail. It is the retail conglomerate behind four leading store brands – BCF, Macpac, Rebel, and Super Cheap Auto.

As with Healius, Super Retail was on form in FY 2021, delivering stellar sales and profit growth over the 12 months. For example, the company reported a 22% increase in sales to $3.45 billion and a 107% jump in normalised net profit after tax to $306.8 million. This was driven by a favourable shift in consumer spending.

The team at Credit Suisse are positive on the company's medium term outlook and have an outperform rating and $14.41 price target.

The broker is also forecasting fully franked dividends per share of 53 cents in FY 2022 and 50 cents in FY 2023. Based on the current Super Retail share price of $12.77, this will mean yields of 4.1% and 3.5%, 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. owns shares of and has recommended Super Retail Group Limited. The Motley Fool Australia owns shares of and has recommended Super Retail Group Limited. 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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