3 ASX dividend shares to buy in July according to analysts

Analysts think these shares could be top options for income investors in July.

| More on:
A young man sits at his desk working on his laptop with a big smile on his face due to his ASX shares going up and in particular the Computershare share price

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

Income investors on the lookout for ASX dividend shares to buy could do a lot worse than the three listed below.

Here's what kind of yields analysts are expecting from their shares in the near term:

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.

Morgan Stanley is positive on the company and has an outperform rating and a $10 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 $8.40, this will mean yields of 5.2% and 5.8%, respectively.

Healthco Healthcare and Wellness REIT (ASX: HCW)

Another ASX dividend share that has been named as a buy is Healthco Healthcare and Wellness REIT.

Morgans is positive on this health and wellness-focused real estate investment trust and has an add rating and $1.72 price target on its shares.

In respect to dividends, it is forecasting dividends per share of 7.6 cents in FY 2023 and 8 cents in FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.37, this will mean yields of 5.5% and 5.9%, respectively.

Universal Store Holdings Ltd (ASX: UNI)

A final ASX dividend share that could be a buy this week is Universal Store.

Morgans is also a fan of this youth fashion retailer and has an add rating and $4.20 price target on its shares.

As for income, the broker is expecting some big dividend yields in the near term. It is forecasting fully franked dividends per share of 27 cents in both FY 2023 and FY 2024. Based on the current Universal Store share price of $3.27, this will mean yields of 8.2% in both years.

Motley Fool contributor James Mickleboro has positions in Universal Store. 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. 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

Business people discussing project on digital tablet.
Dividend Investing

Buy BHP, Westpac and this ASX dividend stock

Analysts think these blue chip options are buys when the market reopens.

Read more »

A happy woman and girl kick back on a couch in spa robes with cucumbers on their eyes, indicating they can earn passive income while relaxing.
Dividend Investing

Why I think these 2 ASX shares are ideal for income investors

These stocks could be what some Aussies are seeking.

Read more »

Man smiling at a laptop because of a rising share price.
Dividend Investing

2 ASX dividend shares I think would be reliable even during a recession

Some passive income stocks have been providing reliable payments for decades.

Read more »

A happy older couple relax in a hammock together as they think about enjoying life with a passive income stream.
Dividend Investing

The ASX shares I'm buying to build a second income

I’m investing for passive income with these stocks.

Read more »

A smiling woman with a handful of $100 notes, indicating strong dividend payments
Dividend Investing

These top ASX dividend shares offer whopping 8%+ yields

Analysts are forecasting some mouth-watering yields from these shares.

Read more »

a woman wearing a flower garland sits atop the shoulders of a man celebrating a happy time in the outdoors with people talking in groups in the background, perhaps at an outdoor markets or music festival, in an image portraying young people enjoying freedom.
Dividend Investing

How ASX dividend stocks can be the key to financial freedom

Passive income can be a great tool to create financial independence.

Read more »

Woman looking at paper bill and counting expenses.
Dividend Investing

2 ASX dividend shares I'd buy to pay for my bills

Here’s why these stocks could be compelling options for dividends.

Read more »

Woman relaxing at home on a chair with hands behind back and feet in the air.
Dividend Investing

Got $10,000? Buy this ASX dividend stock for $3,173 in total passive income

This business could pay a lot of cash flow in the coming years.

Read more »