Analysts name 2 ASX dividend shares to buy to beat inflation

Here are two ASX dividend shares to buy according to analysts…

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Listed below are a couple of dividend shares that brokers believe are in the buy zone right now and offer yields that could help combat inflation.

Here’s what income investors need to know about these dividend shares:

Charter Hall Long WALE REIT (ASX: CLW)

The first ASX dividend share to look at is the Charter Hall Long Wale REIT.

The Charter Hall Long Wale REIT is a property company that invests in high quality ANZ real estate assets that are predominantly leased to corporate and government tenants on long term leases.

At the last count, the company’s portfolio weighted average lease expiry (WALE) stood at 12.2 years. Management believes this provides long-term income security.

The team at Citi is very positive on the Charter Hall Long Wale REIT. Its analysts currently have a buy rating and $5.71 price target on its shares.

In respect to dividends, the broker is forecasting dividends per share of 30.8 cents in FY 2022 and 30.9 cents in FY 2023. Based on the current Charter Hall Long Wale REIT share price of $4.84, this will mean yields of ~6.3%.

Wesfarmers Ltd (ASX: WES)

Another ASX dividend share that could be in the buy zone is Wesfarmers.

It is the conglomerate behind businesses including Bunnings, Catch, Covalent Lithium, Kmart, Officeworks, and Priceline.

Analysts at Morgans are very positive on Wesfarmers. They recently put an add rating and $58.50 price target on its shares.

The broker likes Wesfarmers due to it having “one of the highest quality retail portfolios in Australia” and “a highly regarded management team.”

As for dividends, the broker is forecasting fully franked dividends per share of $1.62 in FY 2022 and $1.81 in FY 2023. Based on the current Wesfarmers share price of $49.21, this will mean yields of 3.3% and 3.7%, respectively.

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Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

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 positions in and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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