If you're an income investor looking for dividends to boost your income, then you may want to check out the ASX shares listed below.
Both ASX dividend shares have been rated as buys by Morgans and tipped to provide investors with attractive yields in the coming years. Here's what you need to know about them:
Dexus Industria REIT (ASX: DXI)
Morgans believes that this industrial and office property company as an ASX dividend share to buy.
That's because its analysts Dexus Industria is well-placed for growth thanks to strong demand in the industrial market. It highlights that company's "outlook for solid rental growth [is] backed by strong tenant demand." This is also expected to be supported by its lucrative development pipeline.
All in all, the broker expects this to underpin dividends per share of 16.4 cents in FY 2023 and 16.9 cents in FY 2024. Based on the current Dexus Industria share price of $2.92, this will mean yields of 5.6% and 5.75%, respectively.
Morgans currently has an add rating and $3.25 price target on the company's shares.
HomeCo Daily Needs REIT (ASX: HDN)
Another ASX dividend share that has been named as a buy by Morgans is HomeCo Daily Needs.
It is a property investment company that offers investors exposure to a portfolio of daily needs assets. These include convenience-based assets across neighbourhood retail, large format retail, and health and services.
Morgans highlights that it likes the company due to the resilience of its cashflows, its huge development pipeline, and favourable trends. The latter includes the "accelerating click & collect trends."
In respect to dividends, the broker 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 $1.21, this will mean dividend yields of 6.9% and 7%, respectively.
Morgans has an add rating and $1.50 price target on HomeCo Daily Needs' shares.
