Are you looking for dividend shares to boost your income portfolio? If you are, you may want to check out the two listed below that have been rated as buys by experts.
Here's what you need to know about these ASX dividend shares:
Centuria Industrial REIT (ASX: CIP)
The first ASX dividend share that is highly rated is Centuria Industrial. It is the owner of a growing collection of high-quality and in-demand industrial assets across key metropolitan locations throughout Australia.
And when I say in-demand, I mean it! In FY 2022, the company reported an occupancy rate of almost 100%, 10% rental growth, and an increase in the book value of its portfolio.
The good news is that demand for industrial properties continues to be very strong and is expected to remain this way in the coming years.
In light of this, the team at Macquarie expect the company to be in a position to pay attractive dividends in the near term. For example, the broker is forecasting ~16 cents per share distributions in FY 2023 and FY 2024. Based on the current Centuria Industrial share price of $3.06, this will mean yields of 5.2% for investors.
Macquarie has an outperform rating and $3.69 price target on its shares.
Elders Ltd (ASX: ELD)
Another ASX dividend share that experts are tipping as a buy is Elders. It is one of the ANZ region's leading agribusiness companies. It provides livestock, real estate, feed and processing, wool agency services, financial planning, and grain marketing services to rural and regional customers.
After a going through a tough period during the 2010s, Elders has bounced back strongly in the last couple of years. This led to the company delivering first half EBIT growth of 80% to $132.8 million.
While its growth is now expected to moderate, the team at Goldman Sachs remain just as bullish as ever. They are forecasting decent earnings and dividend growth in the coming years.
The broker is expecting dividends per share of 50 cents in FY 2022 and 53 cents in FY 2023. Based on the current Elders share price of $12.28, this implies attractive yields of 4.1% and 4.3%, respectively.
Goldman also sees plenty of upside for Elders' shares with its buy rating and $21.00 price target.
