Here are two high yield dividend shares to check out…
The post 2 top ASX dividend shares that analysts love appeared first on The Motley Fool Australia. –
If youâre in the market for some dividend shares, then you may want to look at the two listed below.
Both these dividend shares have rated as buys by analysts and forecast to provide attractive yields. Hereâs what you need to know about them:
Charter Hall Social Infrastructure REITÂ (ASX: CQE)
The first ASX dividend share that has been rated as a buy is the Charter Hall Social Infrastructure REIT.
This REIT is focused on social infrastructure properties, which include bus depots, police and justice services facilities, and childcare centres. Demand is so strong for these properties that the company currently boasts a 100% occupancy rate with a weighted average lease expiry of 14.6 years.
Goldman Sachs is a big fan of the company and expects this strong demand to support solid growth. It currently has a conviction buy rating and $4.20 price target on its shares
Goldman is also expecting some generous dividends. 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 $3.21, this implies yields of 5.35% and 5.7%, respectively.
Wesfarmers LtdÂ (ASX: WES)
Another ASX dividend share to look at is Wesfarmers. It is the conglomerate responsible for a portfolio of retail assets and industrial businesses such as Bunnings, Kmart, and CSBP.
It has been growing at a solid rate for a couple of decades and appears well-placed to continue this trend in the future.
Morgans certainly appears to believe this is the case. The broker currently has an add rating and $58.50 price target on its shares.
It highlights that Wesfarmers has a high quality portfolio, is run by a highly regarded management team, and has a strong balance sheet that could be supportive of further M&A activity in the future.
As for dividends, Morgans is forecasting fully franked dividends per share of $1.62 in FY 2022 and $1.81 in FY 2023. Based on the current Wesfarmers share price of $42.63, this will mean yields of 3.8% and 4.2%, respectively.
Before you consider Charter Hall Social Infrastructure Reit, you’ll want to hear this.
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*Returns as of January 13th 2022
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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 positions in and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.