Income investors with $500 to spend on some investments might want to check out the three ASX dividend shares listed below.
That is because they have been named as buys and tipped to provide investors with attractive dividend yields. Here's what you need to know about them:
Centuria Industrial REIT (ASX: CIP)
The first ASX dividend share for smart investors to look at is Centuria Industrial.
It is Australia's largest domestic pure play industrial property investment company. Its portfolio includes 89 high-quality, fit-for-purpose industrial assets worth a collective $3.8 billion.
UBS rates Centuria Industrial highly and believes it is well-placed to continue its growth.
The broker expects this to support dividends per share of 16 cents in FY 2025 and then 17 cents in FY 2026. Based on the current Centuria Industrial share price of $3.19, this represents dividend yields of 5% and 5.3%, respectively.
UBS currently has a buy rating and $3.80 price target on its shares.
Origin Energy Ltd (ASX: ORG)
Another ASX dividend share that could be a buy is Origin Energy. It is a leading provider of electricity, gas, LPG, solar and internet to homes and businesses across Australia.
Goldman Sachs is very positive about the company. It expects its "APLNG earnings diversification to support strong FCF & returns." The broker notes that "~50% of FY25E EBITDA from APLNG should reduce risk, while supporting a strong 9% FCF yield."
As for dividends, the broker is forecasting fully franked dividends per share of 48 cents in FY 2025 and then 58 cents in FY 2026. Based on its current share price of $10.45, this would mean dividend yields of 4.7% and 5.7%, respectively.
Goldman Sachs has a buy rating and $10.45 price target on its shares.
Regal Partners Ltd (ASX: RPL)
A third ASX dividend share that could be a top option for a $500 investment is Regal Partners. It is a specialist alternative investment manager with approximately $17.2 billion in funds under management.
Bell Potter is a big fan of the company and believes its "strong performance is not reflected in the share price."
It expects this strong performance to underpin fully franked dividends per share of 16.3 cents in FY 2024 and then 18.1 cents in FY 2025. Based on its current share price of $3.89, this represents dividend yields of 4.2% and 4.7%, respectively.
The broker has a buy rating and $4.85 price target on its shares.
