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 ASX dividend shares have been rated as buys and tipped to provide investors with attractive dividend yields in the coming years.
Here's what you need to know about these shares:
Charter Hall Retail REIT (ASX: CQR)
The first ASX dividend share that has been named as a buy is the Charter Hall Retail REIT.
This property investment company has a focus on high-quality Australian supermarket-anchored convenience and convenience-plus shopping centres.
The team at Citi is positive on the company because of its "defensive net property income growth despite rising interest rate profile." The broker also feels that its shares trade on an "undemanding" valuation.
Another positive is that Citi expects some very big dividend yields in the coming years. It is forecasting dividends of 26 cents per share in FY 2024 and 27 cents per share in FY 2025. Based on the current Charter Hall Retail share price of $3.15, this equates to yields of 8.25% and 8.6%, respectively.
Citi also sees plenty of upside for its shares with its buy rating and a $4.50 price target.
Suncorp Group Ltd (ASX: SUN)
Another ASX dividend share that has been named as a buy is Suncorp.
It is one of Australia's leading insurance and banking companies through brands including AAMI, Apia, Bingle, GIO, Shannons, Suncorp, and Vero brands.
Goldman Sachs likes the company due to the "tailwinds that exist in the general insurance market" and "the strong rate momentum that SUN is getting."
Its analysts expect this to underpin fully franked dividends per share of 76 cents in FY 2024 and then 81 cents in FY 2025. Based on the current Suncorp share price of $13.96, this will mean yields of 5.4% and 5.8%, respectively.
Goldman Sachs has a buy rating and a $15.13 price target on its shares.