Are you looking for dividend shares to buy this week? If you are, then the two named below could be worth checking out.
Both have been named as buys by Goldman Sachs and tipped to provide investors with attractive yields. Hereâs what you need to know about them:
National Australia Bank Ltd (ASX: NAB)
The first ASX dividend share to look at is NAB. Goldman Sachs is very positive on this big four bank and currently has a buy rating and $35.60 price target on its shares.
Goldman Sachs likes NAB due to its exposure to commercial lending, which the broker believes will perform relatively better than home lending in the current environment. Its analysts “see volume momentum over the next 12 months as favouring commercial volumes over housing volumes and NAB provides the best exposure to this thematic.”
In respect to dividends, Goldman is forecasting fully franked dividends of $1.66 per share in FY 2023 and $1.73 per share in FY 2024. Based on the current NAB share price of $31.48, this implies yields of 5.3% and 5.5%, respectively.
Universal Store Holdings Ltd (ASX: UNI)
Another ASX dividend share that has been tipped as a buy is Universal Store. Goldman Sachs currently has a buy rating and $7.55 price target on its shares.
It is a growing retailer focused on youth fashion through the Universal Store and Thrills brands.
Goldman Sachs is a fan of the company due to the company’s exposure to younger consumers, which it expects to continue spending in 2023 thanks to minimum wage increases and their lower exposure to rising interest rates.
In addition, the broker sees “an opportunity for ongoing store roll-out for UNI which is the market leader in youth multi-brand apparel.”
As for dividends, the broker is expecting fully franked dividends of 27.2 cents in FY 2023 and 29.9 cents in FY 2024. Based on the latest Universal Store share price of $5.80, this equates to yields of 4.7% and 5.15%, respectively.
The post Goldman Sachs names 2 ASX dividend shares to buy now appeared first on The Motley Fool Australia.
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More reading
- Analysts say these growing ASX dividend shares are buys right now
- Top brokers name 3 ASX shares to buy today
- Which ASX dividend shares I’d buy now to target $50,000 of annual passive income
- Can income investors bank on a 6% dividend yield from NAB shares?
- ASX income stocks: A once-in-a-decade chance to get rich?
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 no position in any of the stocks mentioned. 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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