Experts say these high yield ASX dividend shares are buys

These dividend shares are tipped to offer investors generous yields…

| More on:
A man smiles as he holds bank notes in front of a laptop.

Image Source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you're looking to boost your income portfolio this month, then you may want to look at the shares listed below.

Here's why these ASX dividend shares could be worth considering right now:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX dividend share that analysts have named as a buy is the Charter Hall Social Infrastructure REIT.

It is a real estate investment trust that owns a portfolio of social infrastructure properties. These are properties that provide social and community services such as council buildings and early learning centres.

Analysts at Goldman Sachs are very positive on the company. They highlight the Charter Hall Social Infrastructure REIT's solid like for like rental growth, 100% occupancy rate, and a weighted average lease expiry of 14.6 years.

The broker is expecting this strong form to continue and is forecasting dividends per share of 17.3 cents in FY 2023 and 18 cents in FY 2024. Based on its current share price of $3.45, this will mean yields of 5% and 5.2%, respectively.

Goldman currently has a conviction buy rating and $4.35 price target on its shares.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend share that analysts have tipped as a buy is the HomeCo Daily Needs REIT.

It is a property company with a mandate to invest in convenience-based assets across the target sub-sectors of Neighbourhood Retail, Large Format Retail and Health & Services.

It has the aim of providing shareholders with consistent and growing distributions and appears well-placed to deliver on this according to analysts at Morgans.

Its analysts like the company partly due to its significant development pipeline. They note that this development pipeline is valued at over $500 million, which should underpin solid future growth.

As for dividends, the broker is forecasting dividends per share of 8.3 cents in FY 2023 and 8.7 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.25, this will mean dividend yields of 6.6% and 7%, respectively.

Morgans has an add rating and $1.56 price target on its shares.

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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Beautiful young couple enjoying in shopping, symbolising passive income.
Dividend Investing

2 ASX income stocks I would buy with $2,500 in January

Looking to invest $2,500 for income? These two ASX shares offer reliable dividends backed by essential assets and long-term relevance.

Read more »

A retiree relaxing in the pool and giving a thumbs up.
Healthcare Shares

1 ASX dividend stock down 36% I'd buy right now

This business looks like it’s priced too cheaply.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Dividend Investing

Analysts say these ASX dividend shares are top buys

Let's see which shares they are recommending to clients this week.

Read more »

A gold bear and bull face off on a share market chart
Dividend Investing

Own MNRS or ARMR ETFs? Here's why it's a big day for you

Betashares will pay its ASX ETF dividends today.

Read more »

View of a business man's hand passing a $100 note to another with a bank in the background.
Dividend Investing

Own IOZ or ISO ETFs? It's dividend payday for you!

Here's how much you will receive today.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Vanguard will pay ASX ETF dividends today

Invested in ASX VAS or other Vanguard ETFs? Here's how much you will receive today.

Read more »

Woman relaxing at home on a chair with hands behind back and feet in the air.
Dividend Investing

ASX income stocks: A once-in-a-decade chance to get rich

When income stocks fall out of favour, long-term investors often find their best opportunities hiding in plain sight.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Want to build up passive income? These 2 ASX dividend shares are a buy!

These stocks are giving investors exciting payouts every year.

Read more »