Brokers have been busy in recent weeks adjusting their forecasts and recommendations to reflect updates that were given during earnings season.
Two ASX dividend shares that have fared well are listed below. Here's why brokers think income investors should be buying these shares:
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ANZ Group Holdings Ltd (ASX: ANZ)
The first ASX dividend share for income investors to look at is banking giant ANZ.
The team at Citi are very positive on ANZ and believes it is the bank to buy right now. The broker currently has a buy rating and $29.25 price target on its shares.
It was pleased with ANZ's first-quarter update and believes its earnings are currently ahead of expectations. More of the same is expected in the future thanks to "lending momentum, particularly in institutional."
As for dividends, Citi is forecasting fully franked dividends of 166 cents per share in FY 2023 and then 176 cents per share in FY 2024. Based on the current ANZ share price of $23.22, this will mean yields of 7.1% and 7.6%, respectively.
Healthco Healthcare and Wellness REIT (ASX: HCW)
Another ASX dividend share that could be a buy for income investors is the Healthco Healthcare and Wellness REIT.
As you might have guessed from its name, this property company has a focus on health and wellness assets. These are properties such as hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness properties.
Morgans is positive on the company and is expecting some big dividend yields in the coming years.
For example, Morgans is expecting in dividends per share of 7.5 cents in FY 2023 and 7.8 cents FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.34, this will mean yields of 5.6% and 5.8%, respectively.
Morgans has an add rating and $2.06 price target on its shares.
