Experts name 2 top ASX dividend shares to buy next week

These top dividend shares are ones that analysts say are buys…

| More on:
A couple sits in their lounge room with a large piggy bank on the coffee table. They smile while the male partner feeds some money into the slot while the female partner looks on with an iPad style device in her hands as though they are budgeting.

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

If you're looking to boost your income portfolio, then you may want to look at the shares listed below.

Here's why these ASX dividend shares have been tipped as buys:

Dicker Data Ltd (ASX: DDR)

The first ASX dividend share for income investors to look at is Dicker Data. It is a leading technology hardware, software, and cloud distributor.

Dicker Data has been growing its earnings and dividends at a consistently strong rate for well over a decade and has continued this trend in FY 2022.

The good news is that it looks well-placed to build on this in the coming years thanks to growing demand, favourable industry tailwinds, its strong market position, recent acquisitions, and its warehouse expansion. The latter is boosting capacity materially, allowing the company to capture the increasing demand.

Morgan Stanley is a big fan of the company. It currently has an overweight rating and $14.00 price target on its shares.

As for dividends, the broker is expecting the company's dividend to continue growing and is forecasting fully franked dividends per share of 35.3 cents in FY 2022 and 40.5 cents in FY 2023. Based on the current Dicker Data share price of $10.03, this will mean yields of 3.5% and 4%, respectively.

Wesfarmers Ltd (ASX: WES)

Another ASX dividend share that has been named as a buy is Wesfarmers.

It is the conglomerate behind a collection of businesses across several sectors. This includes retailers such as Bunnings and Kmart, as well as industrial businesses Coregas and Covalent Lithium.

Morgans is very positive on the company. Its analysts believe Wesfarmers is well-placed for growth. This is thanks to it having "one of the highest quality retail portfolios in Australia" and a "highly regarded management team."

The broker currently has an add rating and $55.60 price target on its shares.

In respect to dividends, Morgans is forecasting fully franked dividends per share of $1.82 in FY 2023 and $1.89 in FY 2024. Based on the current Wesfarmers share price of $43.28, this will mean yields of 4.2% and 4.35%, respectively.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

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 positions in and has recommended Dicker Data Limited. The Motley Fool Australia has positions in and has recommended Dicker Data Limited and Wesfarmers Limited. 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

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

Buy BHP, Telstra, and this ASX dividend share

Brokers are tipping these shares as buys for income investors. But why?

Read more »

The letters ETF sit in orange on top of a chart with a magnifying glass held over the top of it
Dividend Investing

Boosting passive income: With a 7.6% yield, is the YMAX ETF a good option?

Is this ETF's yield too good to be true?

Read more »

A man in a business shirt and tie takes a wide leap over a large steel trap with jagged teeth.
Bank Shares

5.75% yield: Are ANZ shares a dividend trap?

ANZ's dividend currently beats out its own term deposits.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

Here are 3 buy-rated ASX dividend stocks to beat falling interest rates

Brokers are recommending these stocks to clients.

Read more »

Senior man wearing glasses and a leather jacket works on his laptop in a cafe.
Dividend Investing

Overinvested in BHP shares? Here are two alternative ASX dividend stocks

There are other businesses worth owning for passive income.

Read more »

Happy young couple saving money in piggy bank.
Dividend Investing

3 strong ASX dividend shares to buy instead of CBA

Analysts think these are better options than Australia's largest bank.

Read more »

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

Why I'd buy ASX dividend shares now before it's too late

This could be the right time to look at ASX dividend stocks.

Read more »

Three happy office workers cheer as they read about good financial news on a laptop.
Dividend Investing

Beat low interest rates with these ASX dividend shares

As expected, on Tuesday the Reserve Bank of Australia elected to cut the cash rate once again. And with interest…

Read more »