Fortunately for income investors, there are plenty of ASX dividend shares to choose from. But two in particular that could be top buys right now are listed below.
Here's why experts say these could be dividend shares to buy:
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HomeCo Daily Needs REIT (ASX: HDN)
The first ASX dividend share to look at is HomeCo Daily Needs.
It is a property investment company with a focus on convenience-based assets. These are properties found across neighbourhood retail, large format retail, and health and services. Essentially, things that are daily needs for the Australian population.
Morgans is positive on the company. It believes HomeCo Daily Needs is well-positioned to benefit from "accelerating click & collect trends" and its development pipeline.
It expects this to support dividends per share of 8.3 cents in FY 2023 and then 8.4 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.15, this will mean yields of 7.2% and 7.3%, respectively.
The broker currently has an add rating and $1.50 price target on its shares.
Sonic Healthcare Limited (ASX: SHL)
Another ASX dividend share that could be a buy is Sonic Healthcare.
It is a leading medical diagnostics company with operations across the world.
The team at Citi is positive on the company and believes it is well-positioned for long-term growth. Particularly given its strong balance sheet, acquisition opportunities, and organic growth.
The broker is also forecasting a growing stream of dividends. It expects fully franked dividends per share of 104 cents in FY 2023, 112 cents in FY 2024, and then 119 cents in FY 2025. Based on the current Sonic share price of $34.94, this will mean yields of 3% and 3.2%, and 3.4%, respectively.
Citi currently has a buy rating and $40.00 price target on its shares.
