Although interest rates are rising, investors can still beat the returns on savings accounts easily with ASX dividend shares.
But which shares should you buy for dividends? Two that have recently been rated as buys for investors are listed below. Here's what you need to know about them:
Baby Bunting Group Ltd (ASX: BBN)
The first ASX dividend share for investors to consider next week is Baby Bunting.
This baby products retailer has been named as a buy by analysts at Morgans. The broker believes that recent share price weakness has "been an overreaction." And while recent trading conditions haven't been easy, Morgans remains positive and feels investors should focus on the long term.
Particularly given that Baby Bunting "still has compelling opportunities to grow its share of a growing market through store rollout, entry into New Zealand, range expansion and the launch of an online marketplace."
In respect to dividends, the broker is forecasting fully franked dividends per share of 14 cents in FY 2023 and then 16 cents in FY 2024. Based on the current Baby Bunting share price of $2.77, this will mean yields of 5% and 5.8%, respectively.
Morgans has an add rating and $3.60 price target on Baby Bunting's shares.
Mineral Resources Ltd (ASX: MIN)
Another ASX dividend share for income investors to consider next week is Mineral Resources.
Goldman Sachs appears to believe it could be a top option for investors that are not averse to investing in the mining sector.
That's because its analysts expect the mining and mining services company's lithium operations to underpin strong earnings and big dividends in the coming years.
In respect to the latter, Goldman Sachs is expecting fully franked dividends of $4.37 per share in FY 2023 and $4.33 per share in FY 2024. Based on the current Mineral Resources share price of $83.54, this will mean 5.25% and 5.2% dividend yields, respectively.
Goldman currently has a buy rating and $94.00 price target on its shares.
