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2 quality ASX dividend shares rated as buys by brokers

Brokers have named these dividend shares as buys…
The post 2 quality ASX dividend shares rated as buys by brokers appeared first on The Motley Fool Australia. –

Investors that are looking for dividend options might want to check out the two ASX shares listed below.

Both of these ASX dividend shares have recently been tipped as buys with attractive forecast yields. Here’s why analysts are bullish:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX dividend share to look at is the Charter Hall Social Infrastructure REIT.

It is a real estate investment trust with a focus on social infrastructure properties such as bus depots, police and justice services facilities, and childcare centres. Demand has been so strong for these properties that the company has a 100% occupancy rate and a weighted average lease expiry of 14.6 years.

Goldman Sachs is a very big fan of the company. It currently has a conviction buy rating and $4.24 price target on its shares

We make no changes to our investment thesis or Buy rating (on CL) and continue to believe the REIT is positioned for a solid growth outlook given the sector’s positive fundamentals and CQE’s strong balance sheet with ample headroom and liquidity to pursue investment opportunities, particularly government assets.

The broker is also expecting generous dividends in the coming years. It is forecasting dividends per share of 17.2 cents in FY 2022 and 18.3 cents in FY 2023. Based on its current share price of $3.68, this implies yields of 4.7% and 5%, respectively.

QBE Insurance Group Ltd (ASX: QBE)

Another ASX dividend share that could be in the buy zone right now is insurance giant QBE.

The team at Morgans are very positive on the company due to its cheap valuation, cost cutting plans, and positive rate outlook.

Morgans currently has an add rating and $14.76 price target on the company’s shares. The broker commented:

With strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits to come, we expect QBE’s earnings profile to improve strongly over the next few years. The stock also has a robust balance sheet and remains relatively inexpensive overall trading on ~14x FY22F PE.

In respect to dividends, its analysts have pencilled in a 41.4 cents per share dividend in FY 2022 and then a 66.3 cents per share dividend in FY 2023. Based on the latest QBE share price of $11.73, this equates to yields of 3.55% and 5.7%, respectively

The post 2 quality ASX dividend shares rated as buys by brokers appeared first on The Motley Fool Australia.

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More reading

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Expert prediction: 3 ASX 200 shares that can ‘do well’ in volatile times
Analysts rate these ASX dividend shares as buys now
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Experts name 2 top ASX dividend shares to buy right now

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 recommended Baby Bunting. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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