There are plenty of ASX dividend shares to choose from on the Australian share market.
Two that have been given the approval from brokers are listed below. Here's what you need to know:
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Centuria Industrial Reit (ASX: CIP)
The first ASX dividend share to consider is Centuria Industrial.
It is an industrial-focused property company that owns a portfolio of high quality industrial assets. This comprises 88 high-quality, fit-for-purpose industrial assets worth a total of $3.9 billion. These assets are situated in key in-fill locations and close to key infrastructure.
One top broker that is a fan of Centuria Industrial is UBS. It likes the company due to its exposure to the logistics sub-sector and suspects it could help it outperform guidance in FY 2023.
As for dividends, the broker is forecasting dividends per share of 16 cents in FY 2023 and FY 2024. Based on the current Centuria Industrial share price of $3.03, this represents yields of 5.3% in both financial years.
UBS also sees plenty of upside for its shares with its buy rating and $3.68 price target.
HomeCo Daily Needs REIT (ASX: HDN)
Another ASX dividend share to look at is property company HomeCo Daily Needs. It is focused on convenience-based assets across the target sub-sectors of Neighbourhood Retail, Large Format Retail and Health & Services.
The team at Morgans is positive on the company. It highlights that HomeCo Daily Needs has a significant development pipeline valued at over $500 million and expects this to be supportive of solid growth in the future.
In respect to dividends, Morgans is forecasting dividends per share of 8.3 cents in FY 2023 and 8.4 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.20, this will mean dividend yields of 6.9% and 7%, respectively.
Morgans has an add rating and $1.50 price target on its shares.
