Looking for ASX dividend shares to buy? If you have answered yes, then read on!
That's because listed below are three shares that analysts are tipping as buys for income investors. Here's what you need to know:
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Cedar Woods Properties Limited (ASX: CWP)
The first ASX dividend share that could be a buy according to analysts is Cedar Woods. It is one of Australia's leading property developers with a portfolio that is diversified by geography, price point, and product type.
The team at Morgans rates the company highly. Its analysts believe that Cedar Woods is well-placed for double-digit growth this year. They note that "looking forward, the signs are positive, with guidance for +10% NPAT growth in FY25, supported by favorable operating conditions in most key states."
The broker expects this to underpin dividends per share of 27 cents in FY 2025 and then 33.3 cents in FY 2026. Based on its current share price of $5.31, this equates to 5% and 6.3% dividend yields, respectively.
Morgans has an add rating and $6.70 price target on the company's shares.
Centuria Industrial REIT (ASX: CIP)
Another ASX dividend share that could be a buy is Centuria Industrial. It is Australia's largest domestic pure play industrial property investment company.
Centuria Industrial's portfolio of high-quality industrial assets is situated in key metropolitan locations throughout Australia and is underpinned by a quality and diverse tenant base.
Macquarie is positive on the company and earlier this week upgraded its shares to an outperform rating with a $3.32 price target.
As for income, the broker is forecasting Centuria Industrial to pay dividends per share of 16.3 cents in FY 2025 and then 15.9 cents in FY 2026. Based on the current Centuria Industrial share price of $2.94, this represents dividend yields of 5.5% and 5.4%, respectively.
IPH Ltd (ASX: IPH)
IPH could be another ASX dividend share to buy. It is an intellectual property (IP) services provider that Goldman Sachs believes is "well-placed to deliver consistent and defensive earnings with modest overall organic growth."
In addition, the broker believes that the company's long run of dividend increases will continue. After increasing its dividend each year for the past decade, Goldman is forecasting dividend increases to 36 cents per share in FY 2025 and then 39 cents per share in FY 2026. Based on its current share price of $5.03, this equates to fully franked dividend yields of 7.2% and 7.8%, respectively.
The broker has a buy rating and $7.50 price target on its shares.
