There are plenty of ASX dividend shares to choose from on the Australian share market.
But which ones are buys?
Let's take a look at a couple of ASX dividend shares and see if brokers believe investors should be buying them for 2024.
Here's what they are saying about these income options:
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Centuria Industrial REIT (ASX: CIP)
Centuria Industrial is Australia's largest domestic pure-play industrial property investment vehicle with a portfolio of high-quality, fit-for-purpose industrial assets.
UBS is a fan of the company and sees it as an ASX dividend share to buy right now. It has a buy rating and a $3.71 price target on its shares.
As for dividends, the broker is expecting Centuria Industrial to be in a position to pay dividends per share of 16 cents in both FY 2024 and FY 2025. Based on the current Centuria Industrial share price of $3.29, this represents yields of 4.9% in both years.
NIB Holdings Limited (ASX: NHF)
NIB is an Australian health insurance company providing health and medical insurance to over one million Australian residents.
Goldman Sachs believes it could be a great ASX dividend share to buy. It has previously highlighted that it likes NIB because it "offers defensive exposure to the private health insurance sector which is experiencing favourable operating trend."
The broker is expecting this to underpin the payment of fully franked dividends per share of 29 cents in FY 2024 and 33 cents in FY 2025. Based on the current NIB share price of $7.32, this will mean 4% and 4.5%, respectively.
Goldman currently has a buy rating and a $8.40 price target on its shares.
