Insights

2 quality ASX dividend shares to buy

Lendlease Group (ASX:LLC) and this ASX dividend share could be top options for income investors right now…
The post 2 quality ASX dividend shares to buy appeared first on The Motley Fool Australia. –

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Are you looking for some dividend shares for your portfolio? Then check out the two ASX shares listed below.

Both have been tipped as buys and look set to provide attractive dividend yields in 2021:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX dividend share to look at is the Charter Hall Social Infrastructure REIT. It is the largest Australian ASX-listed real estate investment trust that invests in social infrastructure properties.

Charter Hall Social Infrastructure REIT targets ongoing capital growth by focusing on assets in strategic locations with specialist use, limited competition, low substitution risk, and high underlying land values. It expects this to drive high tenant retention rates over the long term.

Goldman Sachs is a fan of Charter Hall Social Infrastructure REIT and has a conviction buy rating and $3.35 price target on its shares. The broker is expecting a 15 cents per share dividend in FY 2021. Based on the latest Charter Hall Social Infrastructure REIT share price, this represents a 4.7% yield.

Lendlease Group (ASX: LLC)

Lendlease is a global property and infrastructure company that Goldman Sachs also likes.

While it was a disappointing performer in FY 2020 and reported a loss of $310 million, its outlook has improved greatly since then. This is thanks to the divestment of its struggling engineering business and the launch of a major new strategy.

The latter is shifting its earnings mix and business model favourably and looks to have positioned it perfectly for long term growth.

Goldman Sachs is a fan of this new strategy and expects its shares to rerate to higher multiples if it executes it successfully. The broker has a buy rating and $16.65 price target on the company’s shares.

It is also forecasting a 37.7 cents per share dividend in FY 2021. Based on the current Lendlease share price, this equates to a 2.9% yield. After which, a yield of 5.3% is expected in FY 2022.

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Returns As of 6th October 2020

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Motley Fool contributor James Mickleboro 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.

The post 2 quality ASX dividend shares to buy appeared first on The Motley Fool Australia.

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