2 buy-rated ASX dividend shares for next week

Here are two dividend shares that analysts rate highly…

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Are you looking for some dividend options for your portfolio in October? Then check out the two ASX shares listed below.

Here’s why these ASX dividend shares have been tipped to as buys this month:

Centuria Industrial Reit (ASX: CIP)

The first dividend share that income investors might want to take a look at is 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. These include 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 $3.75, this will mean yields of 4.6% and 4.9%, respectively.

Suncorp Group Ltd (ASX: SUN)

Another dividend share to look at is Suncorp. It helps Australians build their futures and protect what matters by offering insurance, banking, and wealth products and services through some of Australia and New Zealand’s most recognised financial brands. These include AAMI, Apia, Bingle, GIO, Shannons, Vero, and the eponymous Suncorp brand.

One top broker that is very positive on the company is Goldman Sachs. It currently has a buy rating and $13.74 price target on its shares.

In addition, Goldman is forecasting attractive dividend payments in the coming years. It has pencilled in fully franked dividends per share of 61 cents in FY 2022 and 73 cents in FY 2023.

Based on the current Suncorp share price of $12.30, this will mean yields of 5% and 5.9%, respectively.

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*Returns as of August 16th 2021

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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