If you're into ASX dividend shares, you might be wondering where the value is at right now. The S&P/ASX 200 Index (INDEXASX: XJO) is near all-time highs and climbing higher in 2020.
In the midst of a busy February, here are 3 ASX dividend shares that I think could be in the buy zone right now.
1. Harvey Norman Holdings Limited (ASX: HVN)
The Harvey Norman share price is one of those ASX dividend shares that also offers capital growth. Shares in the Aussie retailer have surged 34.41% in the last 12 months to $4.57 at the time of writing.
I like Harvey Norman because it is still yielding 7.16% despite the strong recent gains. There are signs of weakness in the Aussie retail sector but so far, Harvey Norman has ridden the storm.
2. National Australia Bank Ltd. (ASX: NAB)
NAB shares have been under pressure in recent years alongside its other Big Four peers. However, NAB is also yielding 6.44% right now and could be the pick of the ASX banks.
The Aussie bank is among my top ASX dividend shares and could have some further capital upside. In terms of pure yield, Westpac Banking Corp (ASX: WBC) shares offer more (6.97%) but I think the AUSTRAC scandal is worth steering clear of.
I think NAB or Macquarie Group Ltd (ASX: MQG) are worth keeping an eye on in 2020.
3. Qantas Airways Limited (ASX: QAN)
Qantas shares are currently yielding 3.89% at the time of writing and could be in the buy basket.
I'll be waiting for the airline's results on 20 February to see how the financial position is looking. Qantas has significant hedging activities that could be beneficial in 2020 if oil prices are volatile.
Qantas looks like one of the top ASX dividend shares right now and its shares are up 19.11% since early June.
If you're happy with exposure to the airlines, now could be a good time to buy. The Qantas share price has edged lower on coronavirus concerns but the long-term investment fundamentals still look good to me.
