Insights

2 buy-rated ASX dividend shares for income investors

Income investors may want to look at these top dividend shares…
The post 2 buy-rated ASX dividend shares for income investors appeared first on The Motley Fool Australia. –

Are you looking for some dividend options for your portfolio in September? if you are, check out the two ASX shares listed below.

Here’s why these ASX dividend shares have been tipped to as buys this month:

Scentre Group (ASX: SCG)

The first ASX dividend share to look at is Scentre. It owns and operates the pre-eminent shopping centre portfolio in Australia and New Zealand with retail real estate assets under management valued at $50.1 billion and shopping centre ownership interests valued at $34.3 billion.

This comprises 42 Westfield shopping centres, which management notes have strong franchise value and the ability to attract the world’s leading retail brands.

While lockdowns are weighing on its near term performance, the company’s medium term outlook looks positive. Especially given its leverage to inflation and the very favourable inflation expectations in Australia. This should be a boost to its rental income in the coming years.

It is largely for this reason that Goldman Sachs has a buy rating and $3.32 price target on the company’s shares.

In addition, Goldman is forecasting a 14 cents per share dividend in FY 2021 and a 16 cents per share dividend in FY 2022. Based on the latest Scentre share price of $2.99, this equates to 4.7% and 5.4% yields, respectively.

Suncorp Group Ltd (ASX: SUN)

Another dividend share to look at is Suncorp. It offers insurance, banking, and wealth products and services through some of Australia and New Zealand’s most recognised financial brands. These include AAMI, Apia, Bingle, GIO, Shannons, Vero, and the eponymous Suncorp brand.

It was on form in FY 2021, reporting a 42.1% increase in cash earnings to $1,064 million. This was ahead of the market’s expectations. In addition, the company announced a final dividend of 40 cents per share, a special dividend of 8 cents per share, and a $250 million on-market share buyback.

One broker that was very pleased with the result was Goldman Sachs. In response, the broker has put a buy rating and $13.74 price target on Suncorp’s shares.

Goldman is also forecasting a 61 cents per share fully franked dividend in FY 2022. Based on the current Suncorp share price of $12.60, this will mean a 4.8% dividend yield.

The post 2 buy-rated ASX dividend shares for income investors appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Broker tips Suncorp (ASX:SUN) share price to shoot higher
Don’t bet on a big reopening rebound for ASX 200 retail landlords: Macquarie

This leading fund manager thinks these ASX shares might be buys

There are the 3 most traded ASX 200 shares so far today

2 quality ASX shares for a retirement portfolio

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!