Income investors are a lucky bunch! That's because there are plenty of ASX dividend shares to choose from on the Australian share market.
But two in particular that could be top buys right now are listed below. Here's why brokers say these could be dividend shares to buy:
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Centuria Industrial REIT (ASX: CIP)
The first ASX dividend share that could be a buy for income investors is Centuria Industrial.
It is Australia's largest domestic pure-play industrial REIT with a portfolio of high-quality industrial assets situated in urban infill locations throughout Australia.
UBS is positive on the company. This is due to the strong demand for space and the positive long-term outlook for rental growth in the industrial segment.
The broker is expecting Centuria Industrial to pay dividends per share of 16 cents in both FY 2023 and FY 2024. Based on the current Centuria Industrial share price of $3.18, this represents yields of ~5% in both financial years.
UBS has a buy rating and a $3.68 price target.
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.
Citi is positive on the company and believes it is well-positioned for long-term growth thanks to its strong market position and acquisition opportunities.
The broker is expecting this to lead to 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 $36.11, this will mean yields of 2.9% and 3.1%, and 3.3%, respectively.
Citi currently has a buy rating and a $40 price target on its shares.
