Looking for more dividend shares for your income portfolio? If you are, you may want to check out the two listed below that have been rated as buys by brokers.
Here's what you need to know about these ASX dividend shares:
Centuria Industrial REIT (ASX: CIP)
The first ASX dividend share to look at is Centuria Industrial. It is the owner of a portfolio of high-quality and in-demand industrial assets found across key metropolitan locations throughout Australia.
Centuria Industrial has been on form again so far in FY 2022, delivering solid rental growth and an occupancy rate just a touch short of 100%. Management advised that this reflects an industrial real estate market that remains underpinned by low vacancy and record tenant demand.
The good news is that with demand for industrial properties expected to remain very strong, the team at Ord Minnett expect Centuria Industrial to be in a position to pay attractive dividends in the near term.
For example, the broker is forecasting a 17 cents per share distribution in FY 2022 and a 16 cents per share distribution in FY 2023. Based on the current Centuria Industrial share price of $3.04, this will mean yields of 5.6% and 5.25%, respectively
Last week, Ord Minnett upgraded the company's shares to a buy rating and $3.80 price target.
Harvey Norman Holdings Limited (ASX: HVN)
Another ASX dividend share that could be in the buy zone is retail giant Harvey Norman.
While the retail sector is a tough place to be due to rising living costs and increasing online competition, Goldman Sachs remains positive on the retailer. In fact, its analysts believe the company is well-placed to defend its strong market position from online disruption thanks to its favourable customer demographics.
And while it acknowledges that its earnings may have peaked for the time being, the broker still expects Harvey Norman to provide investors with generous dividends in the near term.
Its analysts are forecasting fully franked dividends per share of 45.9 cents in FY 2022 and 36.3 cents in FY 2023. Based on the current Harvey Norman share price of $4.24, this will mean yields of 10.8% and 8.5%, respectively.
Goldman has a buy rating and $4.50 price target on its shares.
