Analysts name 2 ASX dividend shares with 5%+ yields to buy this week

These dividend shares could be top options for income investors…

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Are you looking for some dividend options for your portfolio? If you are, check out the two ASX shares listed below.

Here's why these ASX dividend shares have been tipped to as buys:

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HomeCo Daily Needs REIT (ASX: HDN)

The first ASX dividend share to look at is the HomeCo Daily Needs REIT. It is a property company that invests in convenience-based assets across target sub-sectors of neighbourhood retail, large format retail, and health and services.

HomeCo Daily Needs has started FY 2022 very positively. During the first half, it reported a 38% increase in funds from operation per share, which was ahead of expectations and led to management upgrading its full year guidance.

Goldman Sachs is positive on the company and believes it is well positioned to benefit from the shift to omni channel retailing. It also notes that the company has additional external growth opportunities to drive earnings growth over the medium-term.

The broker has a buy rating and $1.70 price target on its shares. As for dividends, Goldman is forecasting dividends per share of 8 cents in FY 2022 and 9 cents in FY 2023. Based on the current HomeCo Daily Needs share price of $1.50, this will mean dividend yields of 5.3% and 6%, respectively.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share that could be worth considering is Super Retail. It is the retail company responsible for the BCF, Macpac, Rebel, and Supercheap Auto brands.

While trading conditions have been tough in FY 2022 due to COVID lockdowns and other headwinds, Super Retail has been tipped to bounce back by the team at Morgans..

In light of this and its very attractive valuation, the broker think now could be a good time to invest. Its analysts currently have an add rating and $13.80 price target on the company's shares.

In respect to dividends, the broker is forecasting fully franked dividends of 59 cents per share in FY 2022 and 61 cents per share in FY 2023. Based on the current Super Retail share price of $10.40, this will mean yields of 5.7% and 5.9%, 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 and has recommended Super Retail Group Limited. The Motley Fool Australia owns 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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