Experts say these ASX dividend shares are buys right now

A sophisticated older lady with shoulder-length grey hair and glasses sits on her couch laughing while looking at her ASX 200 shares rising on her phone

A sophisticated older lady with shoulder-length grey hair and glasses sits on her couch laughing while looking at her ASX 200 shares rising on her phoneAre you looking for dividend shares to buy next week? If you are, then you might want to look at the shares listed below that have been named as buys.

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

Lovisa Holdings Limited (ASX: LOV)

The first ASX dividend share that could be worth considering is fast-fashion jewellery retailer Lovisa.

While its shares may not provide investors with the biggest yield you’ll find on the market, its dividend has the potential to grow materially in the future. This is due to its bold global expansion plans.

It is because of these plans that Morgans believes “LOV may just prove to be one of the biggest success stories in Australian retail.”

For now, the broker is expecting a 50 cents per share dividend in FY 2022 and a 51 cents per share dividend in FY 2023. Based on the current Lovisa share price of $17.80, this will mean yields of 2.8% and 2.9%, respectively.

Morgans also sees plenty of upside for Lovisa’s shares with its add rating and $21.50 price target.

National Australia Bank Ltd (ASX: NAB)

Another ASX dividend share that could be a top option for income investors is banking giant NAB.

It has been rated as a buy by analysts at Goldman Sachs. They believe the bank has a balance sheet mix that provides investors with the best exposure to the expected domestic system growth over the next 12 to 18 months.

The broker is also expecting some very attractive dividend yields in the near term. Its analysts are currently forecasting a $1.51 per share dividend in FY 2022 and then a $1.68 per share dividend in FY 2023. Based on the current NAB share price of $30.60, this will mean fully franked yields of 4.9% and 5.5%, respectively.

Goldman currently has a conviction buy rating and $34.26 price target on the bank’s shares.

The post Experts say these ASX dividend shares are buys right 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

See The 5 Stocks
*Returns as of July 7 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(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘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 Lovisa Holdings Ltd. 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/MakR1Zz

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