2 excellent ASX dividend named as buys

Here are two dividend shares rated as buys…
The post 2 excellent ASX dividend named as buys appeared first on The Motley Fool Australia. –

If you’re looking to add some ASX dividend shares to your portfolio, then the two listed below could be worth considering.

Here’s what you need to know about these top dividend shares:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

The first ASX dividend share to consider is ANZ. It is of course one of the big four banks, with operations across consumer and business banking.

It could be a top option for income investors due to its attractive valuation and positive dividend outlook. The latter is being underpinned by its improving performance and plans to reduce its costs by $900 million by 2023 through automation and digital banking.

Morgans is positive on the company’s plans and is forecasting generous dividend payments in the coming years. It has pencilled in fully franked dividends per share of $1.45 in FY 2021 and then $1.65 in FY 2022. Based on the current ANZ share price of $28.21, this will mean yields of 5.1% and 5.8%, respectively.

Morgans has an add rating and $34.50 price target on its shares.

Scentre Group (ASX: SCG)

Another ASX dividend share to look at is Scentre. It is the owner and operator of Australia’s leading shopping centre portfolio with $50 billion of retail real estate assets under management. This comprises 42 Westfield shopping centres.

While lockdowns have hit the company hard, it looks well-placed to bounce back as trading conditions improve. In addition, the company has significant exposure to inflation. And it is partly for this reason that Goldman Sachs is bullish on Scentre.

The broker notes that Australian inflation expectations are currently at their highest level since 2015. This is a big positive for Scentre due to it being more positively leveraged to inflation than any other Australian real estate investment trust under the broker’s coverage. Goldman estimates that 70%+ of its base rental income is subject to inflation-linked escalation.

The broker is forecasting dividends of 14 cents per share in FY 2021 and then 17 cents per share in FY 2022. Based on the latest Scentre share price of $3.11, will mean yields of 4.5% and 5.5%, respectively.

Goldman has a buy rating and $3.41 price target on the company’s shares.

The post 2 excellent ASX dividend named as buys 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

Own ANZ (ASX:ANZ) shares? Here’s what the bank’s CEO is warning on ‘greenwashing’

ASX 200 (ASX:XJO) midday update: Aristocrat hits record high, Flight Centre sinks

5 things to watch on the ASX 200 on Thursday

ANZ (ASX:ANZ) share price on watch after revealing $129 million profit hit

ANZ (ASX:ANZ) share price gains amid cybersecurity audit rumours

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!