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Brokers rate these ASX dividend shares as buys

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Are you looking for dividend shares to add to your income portfolio? If you are, then the two listed below could be worth considering.

These dividend shares have been rated as buys by brokers and tipped to provide income investors with attractive yields. Here’s what you need to know about them:

Centuria Industrial REIT (ASX: CIP)

The first ASX dividend share that is rated as a buy right now is Centuria Industrial.

It is the largest domestic pure play industrial REIT on the Australian share market with a focus on building a portfolio of high quality industrial assets to deliver income and capital growth for investors.

Macquarie is a fan of the company and has an outperform rating and $4.27 price target on its shares. It believes Centuria Industrial’s shares trade at an attractive level, particularly given the industry tailwinds the company is benefiting from. The latter includes strong nationwide demand for industrial space, particularly from ecommerce-related tenant customers.

Macquarie expects this to underpin generous dividends in the coming years. It is forecasting dividends per share of 17.3 cents per share in FY 2022 and 17.8 cents per share in FY 2023. Based on the current Centuria Industrial REIT share price of $3.88, this will mean yields of 4.5% and 4.6%, respectively.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share that is rated as a buy is Super Retail. It is the company behind the BCF, Macpac, Rebel, and Supercheap Auto businesses.

While the company is having a tough time in FY 2022 due to COVID headwinds, this is only expected to be temporary. In light of this, the team at Morgans appear to believe income investors should use recent share price weakness as a buying opportunity. Especially with its shares trading at just 11x estimated FY 2023 earnings.

Morgans currently has an add rating and $13.80 price target on its shares.

In addition, the broker expects big dividend yields in the near term. It has pencilled in fully franked dividends per share of 59 cents per share in FY 2022 and 61 cents per share in FY 2023. Based on the current Super Retail share price of $10.45, this will mean yields of 5.6% and 5.8%, respectively.

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