ASX dividend shares could be in the buy zone right now. The coronavirus pandemic has cast big question marks over corporate earnings in 2020.
That's bad news in the short-term. However, I believe it presents a great chance to buy shares for a bargain price. Here are a few of my favourite companies that could be in the buy zone today.
3 ASX dividend shares to buy today
I think Telstra Corporation Ltd (ASX: TLS) could be in the buy zone. The Aussie telco is still an industry leader and its earnings may be steadier than most.
The nature of the pandemic has forced many workers home and increased demand for network infrastructure. Telstra shares are trading down 13.56% this year but that could be a bargain price.
The company continues to invest in the future through its 5G network capabilities and could be a more nimble technology company in the future.
I like the look of another ASX dividend share at the moment, Altium Ltd (ASX: ALU). Altium shares have climbed 3.40% this year but are still yielding 1.06%. I wouldn't be surprised to see a temporary dividend cut, but the software group could be a long-term buy for both income and growth.
Finally, I think Wesfarmers Ltd (ASX: WES) is an ASX dividend share that's worth keeping an eye on. Wesfarmers is looking to refine its current business model by restructuring its retail arm and is sitting on a lot of cash right now.
That could be used for further acquisitions or distributed to shareholders in the coming years. Either way, I think Wesfarmers could be a stable ASX dividend share to buy and one that is currently yielding 3.94% per annum.
Foolish takeaway
If you've got $5,000 to invest, I think these are just some of the ASX dividend shares that are worth a look.
