If you’re wanting to boost your income with some dividend shares, then you might want to consider the two listed below.
Here’s what you need to know about these dividend shares:
Adairs Ltd (ASX: ADH)
The first ASX dividend share for investors to look at is leading furniture and homewares retailer, Adairs.
Its shares hit a new 52-week low on Thursday, which means they are now down 45% since the start of the year.
While this is disappointing, the team at Morgans appear to believe it could be a buying opportunity. Particularly given its belief that the introduction of Adairs’ new national distribution centre and the newly acquired Focus on Furniture business will “underpin an expectation of positive earnings growth in FY23 and FY24, which we do not think are reflected in the multiple.”
Its analysts currently have an add rating and $3.50 price target on the company’s shares. Based on the current Adairs share price of $2.24, this implies significant upside for investors.
But it gets better, with the broker forecasting fully franked dividends of 19 cents per share in FY 2022 and 26 cents per share in FY 2023. If Adairs does indeed pay these dividends, it will mean yields of 8.4% and 11.6%, respectively, over the next couple of years.
Elders Ltd (ASX: ELD)
Another ASX dividend share to look at is Elders. It is an agribusiness company that provides a range of services to rural and regional customers across the Australia/New Zealand region.
Unlike Adairs, Elders’ shares have been performing positively this year. This has been underpinned by its strong performance in FY 2022, which saw Elders report an 80% increase in first-half EBIT to $132.8 million last week.
The team at Goldman Sachs was impressed. In response, the broker put a buy rating and $21.00 price target on its shares. It likes Elders due to its “strong track record; good industry structure; potential for positive earnings surprise; and an attractive valuation.”
In addition, the broker expects dividends per share of 50 cents in FY 2022 and 53 cents in FY 2023. Based on the current Elders share price of $13.38, this implies attractive yields of 3.7% and 4%, respectively.
The post Experts name 2 top ASX dividend shares to buy now appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of January 12th 2022
More reading
- This ASX 200 company just hiked its latest dividend by almost 70%, here’s what you need to know
- Here are the top 10 ASX shares today
- 3 ASX All Ordinaries shares starting the week with new 52-week highs
- Why BrainChip, Codan, Elders, and Karoon Energy are storming higher
- ASX 200 midday update: Elders and Codan rocket, Incitec Pivot disappoints
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. owns and has recommended ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/2C5FwNx