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

These dividend shares could offer big yields for income investors…

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If you're looking to boost your income portfolio with some new dividend shares next week, then the two listed below could be worth considering.

Here's why analysts are positive on these dividend shares right now:

Centuria Industrial Reit (ASX: CIP)

The first buy-rated ASX dividend share to look at is Centuria Industrial.

Thanks to strong demand for industrial property, Centuria Industrial has been growing its rental income and funds from operations (FFO) strongly in recent years. Pleasingly, this continued during the first half of FY 2022, with the company reporting further strong growth.

Macquarie is positive on the company's outlook thanks to ongoing demand for these properties. It currently has an outperform rating and $4.27 price target on the company's shares.

As for dividends, Macquarie is forecasting dividends per share of 17.3 cents in FY 2022 and then 17.8 cents in FY 2023. Based on the current Centuria Industrial REIT share price of $3.38, this will mean yields of 5.1% and 5.3%, respectively.

Charter Hall Social Infrastructure REIT (ASX: CQE)

Another ASX dividend share that could be in the buy zone is the Charter Hall Social Infrastructure REIT.

It is a real estate investment trust that invests in social infrastructure properties. These include properties such as bus depots, police and justice services facilities, and childcare centres.

Goldman Sachs is a fan of the Charter Hall Social Infrastructure REIT, highlighting its solid like for like rental growth and 100% occupancy rate during the first half. Another positive is its lengthy leases, with the REIT boasting a weighted average lease expiry of 14.6 years. This provides good visibility on its future earnings and dividends.

The broker currently has a conviction buy rating and $4.20 price target on its shares and is forecasting dividends per share of 17.2 cents in FY 2022 and 18.3 cents in FY 2023. Based on its current share price of $3.57, this implies yields of 4.8% and 5.1%, 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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