2 excellent ASX dividend shares that experts rate as buys this week

Dividend stocks represented by paper sign saying dividends next to roll of cash

Dividend stocks represented by paper sign saying dividends next to roll of cash

Looking for dividend shares to buy this week? If you are, then you might want to look at the shares listed below.

Here’s why these ASX dividend shares are rated as buys:

Accent Group Ltd (ASX: AX1)

The first ASX dividend shares to look at is footwear focused retailer, Accent.

It is the company behind brands such as Athlete’s Foot, HYPEDC, Pivot, Platypus, Sneaker Lab, and Stylerunner.

Accent’s shares have been hit hard in 2022 due to tough trading conditions in the retail sector as cost of living pressures hit consumer discretionary spending.

While this is disappointing, analysts at Bell Potter remain positive and appear to see it as a buying opportunity. Its analysts recently reiterated their buy rating and $2.20 price target on the retailer’s shares.

The broker is also forecasting some attractive dividend yields in the coming years. Bell Potter has forecast fully franked dividends of 5.8 cents per share in FY 2022 and then 10.7 cents per share in FY 2023. Based on the current Accent share price of $1.24, this will mean yields of 4.7% and 8.6%, respectively.

National Australia Bank Ltd (ASX: NAB)

Another ASX dividend share to look at is banking giant NAB.

Its shares have also been hammered recently, along with the rest of the big four, amid concerns that rapidly rising interest rates could cause more harm than good for the sector.

One broker that is likely to see this pullback as a buying opportunity is Goldman Sachs. Its analysts currently have a conviction buy rating and $34.17 price target on the bank’s shares.

As for dividends, the broker is forecasting a $1.50 per share dividend in FY 2022 and then a $1.65 per share dividend in FY 2023. Based on the current NAB share price of $26.06, this will mean fully franked yields of 5.75% and 6.3%, respectively.

The post 2 excellent ASX dividend shares that experts rate as buys this week 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

See The 5 Stocks
*Returns as of January 12th 2022

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/HsiA2ao

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s