2 excellent ASX dividend shares that experts rate as buys this week

Here are two dividend shares rated as buys…

| More on:
Dividend stocks represented by paper sign saying dividends next to roll of cash

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Looking for dividend shares to buy this week? If you are, then you might want to look at the shares listed below.

Here's why these ASX dividend shares are rated as buys:

Accent Group Ltd (ASX: AX1)

The first ASX dividend shares to look at is footwear focused retailer, Accent.

It is the company behind brands such as Athlete's Foot, HYPEDC, Pivot, Platypus, Sneaker Lab, and Stylerunner.

Accent's shares have been hit hard in 2022 due to tough trading conditions in the retail sector as cost of living pressures hit consumer discretionary spending.

While this is disappointing, analysts at Bell Potter remain positive and appear to see it as a buying opportunity. Its analysts recently reiterated their buy rating and $2.20 price target on the retailer's shares.

The broker is also forecasting some attractive dividend yields in the coming years. Bell Potter has forecast fully franked dividends of 5.8 cents per share in FY 2022 and then 10.7 cents per share in FY 2023. Based on the current Accent share price of $1.24, this will mean yields of 4.7% and 8.6%, respectively.

National Australia Bank Ltd (ASX: NAB)

Another ASX dividend share to look at is banking giant NAB.

Its shares have also been hammered recently, along with the rest of the big four, amid concerns that rapidly rising interest rates could cause more harm than good for the sector.

One broker that is likely to see this pullback as a buying opportunity is Goldman Sachs. Its analysts currently have a conviction buy rating and $34.17 price target on the bank's shares.

As for dividends, the broker is forecasting a $1.50 per share dividend in FY 2022 and then a $1.65 per share dividend in FY 2023. Based on the current NAB share price of $26.06, this will mean fully franked yields of 5.75% and 6.3%, respectively.

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 recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Happy man holding Australian dollar notes, representing dividends.
Dividend Investing

3 outstanding ASX dividend shares to buy next week

Analysts are tipping these shares to offer big returns over the next 12 months.

Read more »

A male oil and gas mechanic wearing a white hardhat walks along a steel platform above a series of gas pipes in a gas plant
Dividend Investing

Should I buy Santos shares for dividend income?

Santos shares have been steadily upping their dividends since 2020.

Read more »

A businessman lights up the fifth star in a lineup, indicating positive share price for a top performer
Dividend Investing

2 of the best ASX dividend shares to buy in December

Bell Potter rates these dividend shares very highly. Let's see why.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Analysts expect 5% to 8% dividend yields from these ASX stocks

Here's why these dividend stocks could be great options for income investors today.

Read more »

Male hands holding Australian dollar banknotes, symbolising dividends.
Dividend Investing

5 ASX 200 shares with ex-dividend dates next week

Do you own any of these shares that are primed to pay out?

Read more »

A couple makes silly chip moustache faces and take a selfie on their phone.
Dividend Investing

Invested $5,000 in Telstra shares in 2021? Here's how much passive income you've already earned

Atop the share price gains, how much passive income have investors earned from their Telstra stock?

Read more »

Happy couple enjoying ice cream in retirement.
Dividend Investing

Buy Telstra and this ASX dividend stock now

Analysts are saying good things about these dividend stocks. Let's see why they are bullish.

Read more »

A smiling woman with a handful of $100 notes, indicating strong dividend payments
Dividend Investing

Invest $20,000 in 2 ASX dividend shares for $1,500 in passive income

Analysts expect big yields from these passive income shares over the next couple of years.

Read more »