If you're looking for ASX dividend shares to buy, then you may want to check out the two listed below.
Both of these ASX dividend shares have recently been named as buys by analysts. Here's why they could be worth considering today:
Baby Bunting Group Ltd (ASX: BBN)
The first ASX dividend share for income investors to consider is leading baby products retailer Baby Bunting.
It has a dominant position in a less discretionary side of the retail industry, which bodes well for its growth in the current environment.
Analysts at Citi are positive on the company and currently have a buy rating and $5.62 price target on its shares. The broker was pleased with its expansion into higher margin areas and the new national distribution centre.
Looking ahead, the broker appears to believe the company is well-placed for growth over the long term and is forecasting fully franked dividends per share of 18 cents in FY 2023 and then 22 cents in FY 2024. Based on the current Baby Bunting share price of $4.15, this will mean yields of 4.3% and 5.3%, respectively.
Centuria Industrial REIT (ASX: CIP)
Another ASX dividend share to look at is Centuria Industrial. It is the largest domestic pure play industrial REIT on the Australian share market.
This has been a great part of the property market to be, with demand for industrial space growing strongly in recent years. In fact, last month when Centuria Industrial released its full year results, it revealed that its occupancy rate increased to ~99% with a weighted average lease expiry of 8.3 years. This supported a 22% increase in funds from operations to $111.7 million.
Macquarie is bullish on Centuria Industrial and currently has an outperform rating and $3.69 price target on its shares.
As for dividends, the broker is expecting dividends per share of approximately 16 cents in FY 2023 and FY 2024. Based on the current Centuria Industrial share price of $3.02, this will mean yields of 5.3% for investors.
