With the cost of living continuing to rise, income investors may want to look at the dividend shares listed below for a boost to their income.
Here's why these two ASX dividend shares have been rated as buys:
Charter Hall Retail REIT (ASX: CQR)
The first dividend share to look at is the Charter Hall Retail REIT. This REIT provides investors with exposure primarily to the supermarket anchored neighbourhood and sub-regional shopping centre markets in Australia.
The team at Macquarie are positive on the company. Last week the broker retained its outperform rating with an improved price target of $4.23.
It was pleased to see the company announce the acquisition of a portfolio of 18 Gull service stations in New Zealand and expand its partnership with Ampol Ltd (ASX: ALD).
In respect to dividends, the broker is expecting dividends per share to 24.5 cents in FY 2022 and 23.3 cents in FY 2023. Based on the current Charter Hall Retail REIT share price of $4.06, this implies potential yields of 6% and 5.7%, respectively.
Mineral Resources Limited (ASX: MIN)
Another ASX dividend share to look at is Mineral Resources. This mining and mining services company could be a top option for income investors that aren't averse to investing in the resources sector.
Goldman Sachs is very positive on the company and has a buy rating and $65.80 price target.
Its analysts like Mineral Resources due to its "compelling near term volume and earnings growth" and "attractive valuation" at ~0.9 times NAV and ~4 times FY 2023 EBITDA.
As for dividends, Goldman is forecasting fully franked dividends of 67 cents per share in FY 2022 and then 296 cents per share in FY 2023. Based on the latest Mineral Resources share price of $57.65, this will mean yields of 1.1% and 5.1%, respectively.
