If you're an income investor, then you might want to read on. Because listed below are two ASX dividend shares that have just been rated as buys by brokers.
Here's what they are saying about these top ASX dividend shares:
QBE Insurance Group Ltd (ASX: QBE)
This insurance giant could be an ASX dividend share to buy.
That's the view of analysts at Morgans, which remain positive on the company following its trading update this week. The broker has an add rating and $14.89 price target on its shares.
While QBE's catastrophe claims will be higher than allowances in FY 2022, the broker believes this is still "a reasonable effort in what has been a very volatile year for weather."
In light of this, the broker remains positive and notes how "tailwinds such as rising bond yields, premium rate increases and cost out will drive an improved earnings profile for QBE over the next few years."
Morgans expects this to lead to a 42.6 cents per share dividend in FY 2022 and then a 90.3 cents per share dividend in FY 2023. Based on the latest QBE share price of $12.85, this equates to yields of 3.3% and 7%, respectively.
Stockland Corporation Ltd (ASX: SGP)
Another ASX dividend share that has recently been rated as a buy is Stockland. It is a residential and land lease developer and retail, logistics, and office real estate property manager.
Goldman Sachs is a fan of the company. Earlier this month, the broker retained its buy rating with a $4.40 price target.
Its analysts like Stockland due to its exposure to industrial property. The broker continues to "hold a favourable view on the industrial sector more broadly with a number of trends underpinning long-term demand."
It also highlights the recently refreshed corporate strategy and the sale of its low returning Retirement division as other positives.
In respect to dividends, Goldman is forecasting dividends per share of 27.6 cents in FY 2023 and 28.3 cents in FY 2024. Based on the current Stockland share price of $3.71, this will mean yields of 7.4% and 7.6%, respectively.
