Experts name 2 excellent ASX dividend shares to buy next week

Thankfully for income investors, there are a lot of dividend shares to choose from on the Australian share market.

To narrow things down, listed below are two ASX dividend shares that experts have recently named as buys. Here’s what you need to know about them:

National Storage REIT (ASX: NSR)

National Storage could be a dividend share to buy. It is a leading self-storage operator with over 225 centres providing tailored storage solutions to over 90,000 residential and commercial customers across the ANZ region.

The company has been growing its earnings at a solid rate over the last decade thanks to a combination of organic growth and acquisitions. And while 225 centres may sound like a large number, management still sees plenty of room to grow in a highly fragmented market. It has also been redeveloping existing sites, providing significant value add potential.

Ord Minnett is a fan of the company and has a buy rating and $2.70 price target on its shares.

In respect to dividends, its analysts are forecasting dividends per share of 11 cents in FY 2023 and FY 2024. Based on the current National Storage share price of $2.47, this equates to yields of 4.45%.

Telstra Corporation Ltd (ASX: TLS)

Another ASX dividend share that could be worth considering is Telstra. It is of course Australia’s largest telecommunications company.

After several long years of struggles, Telstra now has growth back on the agenda. And not just modest growth. With its T25 strategy, it is targeting high-teens underlying earnings per share compound annual growth rates from FY 2021 to FY 2025.

This could bode well for its dividend, which was increased for the first time in years in August to 16.5 cents per share.

Ord Minnett is also a fan of Telstra. It currently has a buy rating and a $4.60 price target on the company’s shares.

Positively, the broker is expecting some generous and growing dividends from its shares in the coming years. It is forecasting fully franked dividends per share of 17 cents in FY 2023 and 19 cents FY 2024. Based on the latest Telstra share price of $3.92, this will mean yields of 4.3% and 4.8%, respectively, for investors.

The post Experts name 2 excellent ASX dividend shares to buy next week appeared first on The Motley Fool Australia.

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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 positions in and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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