Analysts name 2 ASX dividend shares to buy right now

Analysts say these dividend shares are buys…

| More on:
A young man wearing glasses and a denim shirt sits at his desk and raises his fists and screams with delight.

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

Are you searching for ASX dividend shares to buy? If you are, then the two named below could be worth checking out.

Both have been named as buys by analysts and tipped to provide attractive yields. Here's what you need to know about them:

Dicker Data Ltd (ASX: DDR)

The first ASX dividend share to look at is Dicker Data. It is one of the largest technology hardware, software, cloud, cybersecurity, access control and surveillance distributors in Australia and New Zealand.

It could be a top option for income investors thanks to its long track record of earnings and dividend growth and its positive long-term outlook.

The latter is being underpinned by the digital transformation megatrend, recent acquisitions, and the expansion of its warehouse.

Morgan Stanley remains positive on the company and recently retained its outperform rating and $10.00 price target on its shares.

As for dividends, its analysts are forecasting fully franked dividends per share of 43.8 cents in FY 2022 and 48.8 cents in FY 2023. Based on the latest Dicker Data share price of $8.19, this will mean yields of 5.3% and 6%, respectively.

Telstra Group Ltd (ASX: TLS)

Another ASX dividend share to buy could be telco giant Telstra.

The team at Morgans is positive on the company due to its successful turnaround, positive outlook, and attractive valuation. In respect to the latter, the broker feels Telstra's "high quality long life assets like InfraCo are worth substantially more" than the market is valuing them.

And with management considering divestments, this value could soon be unlocked.

It is partly for this reason that Morgans has an add rating and $4.70 price target on its shares.

As for dividends, the broker is forecasting fully franked dividends per share of 17 cents in both FY 2023 and FY 2024. Based on the current Telstra share price of $4.19, this will mean yields of 4.05%.

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

Two excited woman pointing out a bargain opportunity on a laptop.
Dividend Investing

2 great ASX income shares I'd buy right now for the long term

I’m excited by the potential of these dividend stocks.

Read more »

A man in his late 60s, retirement age, emerges from the Australian surf carrying a surfboard under his arm and wearing a wetsuit.
Opinions

Here's how much ASX dividend income I'm aiming for in retirement

I’m using passive income stocks as a path to financial independence.

Read more »

A group of businesspeople clapping.
Dividend Investing

The perfect ASX dividend shares to buy and hold forever

Brokers think that these shares could be great long-term options for income investors.

Read more »

Man holding fifty Australian Dollar banknote in his hands, symbolising dividends, symbolising dividends.
Dividend Investing

This 6% ASX dividend stock pays cash every quarter

Bell Potter says that this income option is a great option for investors.

Read more »

A young smiling couple out hiking enjoy a view from the top of the mountains.
Dividend Investing

2 high-yield ASX dividend stocks I think could be great buys in 2025

These two stocks could be undervalued and deliver good dividends.

Read more »

A smiling businessman in the city looks at his phone and punches the air in celebration of good news.
Dividend Investing

Passive-income champion: One ASX stock yielding more than 4%

Brokers like the dividend potential from this stock.

Read more »

a woman holds her hands to her temples as she sits in front of a computer screen with a concerned look on her face.
Dividend Investing

Why are Macquarie shares slumping today?

This investment bank's shares are out of form today. But why?

Read more »

Happy couple enjoying ice cream in retirement.
Share Market News

3 ASX dividend shares to buy in November for passive income

Analysts say these shares are buys for income investors.

Read more »