If you're an income investor looking for dividends to boost your income, then you may want to consider the ASX shares listed below.
Both are rated as buys and have been tipped to provide investors with attractive yields in the coming years. Here's what you need to know about these ASX dividend shares:
Dalrymple Bay Infrastructure Ltd (ASX: DBI)
The first ASX dividend share for income investors to consider buying is Dalrymple Bay Infrastructure.
It is an infrastructure company and the long-term operator of the Dalrymple Bay Coal Terminal (DBCT). It provides terminal infrastructure and services for producers and consumers of Australian coal.
Dalrymple Bay Infrastructure has been tipped to pay big dividends in the near term thanks to strong demand for coal and its position as the cheapest export route-to-market for users within its Bowen Basin catchment region.
For example, analysts at Morgans are forecasting dividends per share of approximately 20.8 cents in FY 2023 and 22 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.64, this will mean very generous yields of 7.9% and 8.3%, respectively.
Morgans has an add rating and a $2.76 price target on its shares.
Stockland Corporation Ltd (ASX: SGP)
Another ASX dividend share that could be a buy for income investors is Stockland.
It is a residential and land lease developer and retail, logistics, and office real estate property manager.
Citi is a fan of Stockland and feels its shares are good value at the current levels. Particularly "given a recovering resi backdrop."
As for dividends, Citi expects dividends per share of 27 cents in FY 2023 and FY 2024. Based on the current Stockland share price of $4.03, this will mean sizeable yields of 6.7% in both financial years.
The broker currently has a buy rating and a $4.70 price target on its shares.
