Experts name 2 ASX dividend shares for income investors to buy now

Here are a couple of top dividend shares to buy…

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Are you looking for dividend shares to add to your income portfolio? If you are, then the two listed below could be worth considering.

These dividend shares have been rated as buys and tipped to provide income investors with attractive yields. Here’s what you need to know about them:

Centuria Industrial REIT (ASX: CIP)

The first ASX dividend share to look at is Centuria Industrial. It is has a portfolio of high quality industrial assets.

This is a great space to be in right now, with the company reporting strong nationwide demand for industrial space. This is particularly the case from ecommerce-related tenant customers and has underpinned strong rental growth in FY 2022.

Analysts at Macquarie remain positive on the company. Earlier this month, the broker retained its outperform rating with a $3.94 price target.

In addition, the broker is forecasting dividends per share of 17.3 cents in FY 2022 and 16.8 cents in FY 2023. Based on the current Centuria Industrial REIT share price of $3.19, this will mean dividend yields of 5.4% and 5.25%, respectively.

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.

While trading conditions are tough for its retail businesses at present, the same cannot be said for its Wesfarmers Chemicals, Energy and Fertilisers (WCEF) business. This business is experiencing strong demand at present, which bodes well for its near term earnings.

And while it may not be enough to drive overall profit growth in FY 2022, a number of analysts are expecting a rebound in FY 2023. One of those is Morgans, which has an add rating and $58.40 price target on its shares.

As for dividends, Morgans is forecasting fully franked dividends per share of $1.65 in FY 2022 and $1.81 in FY 2023. Based on the current Wesfarmers share price of $44.70, this will mean yields of 3.7% and 4%, 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 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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