Are you looking to boost your income with some new dividend shares in September?
If you are, you may want to look at the two listed below that have been forecast to provide generous dividend yields.
Here's what you need to know about these ASX dividend shares:
HomeCo Daily Needs REIT (ASX: HDN)
The first ASX dividend share that has been named as a buy is HomeCo Daily Needs.
The HomeCo Daily Needs REIT is an Australian real estate investment trust. It has a mandate to invest in convenience-based assets across the target sub-sectors of neighbourhood retail, large format retail and health and services.
Morgans is a fan of the company and believes it is positioned to benefit from "accelerating click & collect trends" and its development pipeline.
The broker expects this to support dividends per share of 8.3 cents in FY 2024 and then 8.5 cents in FY 2025. Based on the current HomeCo Daily Needs share price of $1.24, this will mean yields of 6.7% and 6.85%, respectively.
Morgans has an add rating and a $1.39 price target on its shares.
Rural Funds Group (ASX: RFF)
Rural Funds could be another ASX dividend share for income investors to buy in September.
It is a real estate property trust which owns a diversified portfolio of Australian agricultural assets. Revenue is derived from leasing almond orchards, macadamia orchards, poultry property and infrastructure, vineyards, cattle properties, cropping properties, agricultural plant and equipment, cattle and water rights.
Bell Potter is positive on the company and has a buy rating and a $2.25 price target on its shares.
As for dividends, the broker is forecasting an 11.7 cents per share dividend in FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.01, this represents a yield of 5.8%.
