Experts say these ASX dividend shares with 7% yields are buys

These high yield dividend shares have been rated as buys…

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Looking for dividend shares to buy? Listed below are two ASX dividend shares that experts rate as buys.

Here's why they are bullish on these dividend shares:

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Adairs Ltd (ASX: ADH)

The first ASX dividend share to consider buying is Adairs. It is the furniture and homewares retailer behind the Adairs, Mocka, and Focus on Furniture brands.

Goldman Sachs is a fan of the company and recently put a buy rating and $3.05 price target on its shares.

Its analysts believe the company is well-placed for growth thanks to its highly loyal and engaged customer base (1 million+ Linen Lover members), strong social media presence, and ongoing store roll-out opportunity. The broker also highlights Adairs' strong presence on social media, which it believes the company can leverage to drive ongoing sales growth.

In respect to dividends, Goldman is forecasting fully franked dividends per share of 18 cents in FY 2023 and 20 cents in FY 2024. Based on the latest Adairs share price of $2.07, this will mean yields of 8.7% and 9.7%, respectively.

Charter Hall Long WALE REIT (ASX: CLW)

Another ASX dividend share that has been tipped as a buy is the Charter Hall Long Wale REIT.

It is a leading property company with a focus on high quality real estate assets that are leased to corporate and government tenants on long term leases. In respect to the latter, at the end of FY 2022, the Charter Hall Long Wale REIT had a weighted average lease expiry (WALE) of 12 years. Management highlights that this provides income security.

Citi is a fan of the company. The broker recently upgraded its shares to a buy rating with a $4.70 price target.

It believes its shares are great value after recent weakness. This is particularly the case given its "low risk income stream with c. 12 year WALE and 99.9% occupancy."

As for dividends, the broker is forecasting dividends per share of 28 cents in FY 2023 and 29 cents in FY 2024. Based on the current Charter Hall Long Wale REIT share price of $4.14, this will mean yields of 6.8% and 7%, 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 positions in and has recommended ADAIRS FPO. The Motley Fool Australia has positions in and has recommended ADAIRS FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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