There are plenty of ASX dividend shares for income investors to choose from.
Two that have been named as buys and tipped to offer very attractive dividend yields are listed below. Here's what you need to know about these dividend shares:
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Dicker Data Ltd (ASX: DDR)
The first ASX dividend share that could be a buy is Dicker Data. It is a leading technology distributor to a partner base of over 10,000 resellers across the ANZ region.
Thanks to its expanding partner base, growing demand, and a series of acquisitions, Dicker Data has been growing at a solid pace in recent years.
Morgan Stanley expects this solid form to continue and is predicting a growing stream of dividends in the near term.
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 $8.47, this will mean yields of 5.2% and 5.8%, respectively.
Morgan Stanley has an outperform rating and a $10 price target on its shares.
Westpac Banking Corp (ASX: WBC)
Another ASX dividend share that could be a buy for income investors is Westpac.
Morgans believes that Australia's oldest bank has "the greatest potential for return on equity improvement amongst the major banks if its business transformation initiatives prove successful."
If it delivers on this, then shareholders could be laughing all the way to the bank. The broker is expecting Westpac to pay fully franked dividends per share of $1.49 in FY 2023 and $1.52 in FY 2024. Based on the current Westpac share price of $22.15, this will mean yields of 6.7% and 6.9%, respectively.
Its analysts also see decent upside potential for Westpac's shares. They currently have an add rating and a $24.22 price target on them.
