Brokers say these buy-rated ASX dividend shares could offer attractive yields

Income investors could get attractive yields from these shares.

| More on:
A senior couple discusses a share trade they are making on a laptop computer

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 ASX dividend shares to buy? Then read on!

Listed below are a couple of shares that have been rated as buys recently and tipped to offer 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 a leading technology hardware, software, cloud, and cybersecurity distributor that has been growing at a consistently solid rate for a decade. This has been underpinned by a combination of organic growth and acquisitions.

The good news is that the company appears well-placed to build on this in the future. This is thanks to the digital transformation megatrend and the expansion of its warehouse.

Morgan Stanley is positive on the company and has an 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 2023 and 48.8 cents in FY 2024. Based on the latest Dicker Data share price of $8.15, this will mean yields of 5.4% and 6%, respectively.

Macquarie Group Ltd (ASX: MQG)

Another ASX dividend share that has been tipped as a buy is investment bank Macquarie.

Morgans remains very positive on the bank. This is due to its attractive valuation and positive long term outlook. In respect to the latter, its analysts highlight that they "continue to like MQG's exposure to long-term structural growth areas such as infrastructure and renewables."

In light of this, Morgans has an add rating and $201.80 price target on the company's shares.

As for dividends, the broker is expecting partially franked dividends of $6.33 per share in FY 2023 and $6.75 per share in FY 2024. Based on the current Macquarie share price of $178.05, this will mean yields of 3.6% and 3.8%, 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 Dicker Data. The Motley Fool Australia has positions in and has recommended Dicker Data and Macquarie 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

$100 Australian notes on top of each other.
Dividend Investing

These buy-rated ASX dividend stocks offer 7%+ yields

Analysts expect these buy-rated stocks to provide income investors with big yields.

Read more »

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 »