Experts are tipping these ASX dividend shares as buys

Here are two dividend shares to buy next week…

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Are you looking for dividend shares to buy? If you are, the two listed below could be worth considering.

Both are rated as buys and tipped to provide investors with attractive yields. Here’s what you need to know:

Charter Hall Long WALE REIT (ASX: CLW)

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

This REIT manages a wide range of listed and unlisted property funds for institutional and retail investors with a focus on office, industrial, and retail sectors. This includes 78 hotel properties that are all leased to Endeavour Group Ltd (ASX: EDV).

As its name implies, the Charter Hall Long WALE REIT boasts very long leases. As of its last update, its weighted average lease expiry stood at a sizeable 12.2 years. This is a big positive and provides great visibility on future earnings.

Citi is very positive on the REIT. It currently has a buy rating and $5.71 price target on its shares.

As for dividends, Citi 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 $4.86, this will mean yields of ~6.3% for both years.

HomeCo Daily Needs REIT (ASX: HDN)

Another buy-rated ASX dividend share to look at is the HomeCo Daily Needs REIT.

It is another property company but this time with a focus on convenience-based assets. This includes neighbourhood retail and large format retail (retail parks).

Goldman Sachs is a fan of the company and believes it is well-positioned to continue its growth over the medium term thanks to “the shift to omni channel retailing.” In addition, the broker feels HomeCo Daily Needs REIT’s shares are undervalued based on its positive growth outlook and diversified tenant base.

Goldman has a buy rating and $1.70 price target on the company’s shares, which is meaningfully higher than the current HomeCo Daily Needs share price of $1.33.

It also expects some big dividend yields in the near term and is forecasting dividends per share of 8 cents in FY 2022 and then 9 cents in FY 2023. This equates to yields of 6% and 6.9%, 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. 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 Scott Phillips.

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