Are you looking for ASX dividend shares to buy for your income portfolio?
If you are, then you may want to look at the two named below that have recently been tipped as buys.
Here's why brokers rate these dividend shares highly right now:
Centuria Industrial Reit (ASX: CIP)
The first ASX dividend share that has been named as a buy is Centuria Industrial.
It is Australia's largest domestic pure play industrial REIT and the owner of a portfolio of high-quality industrial assets. These are situated in urban infill locations throughout Australia, where demand remains very strong. A testament to this is the quality and diversity of its tenant base.
The team at UBS is positive and is forecasting dividends per share of 16 cents in both FY 2023 and FY 2024. Based on the current Centuria Industrial share price of $3.07, this represents yields of 5.2% in both financial years.
UBS has a buy rating and $3.68 price target on its shares.
Universal Store Holdings Ltd (ASX: UNI)
Goldman Sachs remains very positive on this youth fashion retailer and believes it could be an ASX dividend share to buy.
Its analysts feel that recent share price weakness has created a buying opportunity for investors. Particularly given the company's positive long-term outlook from store expansion opportunities and its cheap valuation.
In respect to the latter, the broker highlights that Universal Store's shares are "trading on 8.0x our revised FY24E earnings (46% below historical average PER)."
As for dividends, Goldman is forecasting fully franked dividends of 20 cents per share in FY 2023 and 24 cents per share in FY 2024. Based on the current Universal Store share price of $2.95, this implies big yields of 6.8% and 8.1%, respectively.
Goldman has a buy rating and $5.05 price target on its shares.
