If you’re looking for dividend shares to buy when the market reopens, then the two listed below could be worth a look.

Both have been named as buys by experts recently and tipped to provide attractive yields. Here’s why they are bullish on them:

Macquarie Group Ltd (ASX: MQG)

The first ASX dividend share that could be in the buy zone is this investment bank.

Morgans is a fan and spoke very positively about the company following its recent quarterly update. It said:

MQG is a quality franchise, exposed to structural growth areas, and the company has performed exceptionally well in a more difficult FY23 environment. MQG has also consistently delivered attractive returns over time (~15% average ROE) and with >10% share price upside to our price target (A$214), we maintain our ADD recommendation.

Morgans has an add rating and $214.51 price target on the company’s shares.

In respect to dividends, the broker is expecting partially franked dividends of $7.41 per share in FY 2023 and $7.13 per share in FY 2024. Based on the current Macquarie share price of $189.00, this will mean yields of 3.9% and 3.8%, respectively.

Universal Store Holdings Ltd (ASX: UNI)

Another ASX dividend share that has been named as a buy is youth fashion retailer Universal Store.

Goldman Sachs recently named it as a key pick in the retail sector due to its exposure to younger consumers, which it expects to continue spending in 2023. The broker commented:

In addition to a strong outlook for Gen-Z spending, we see an opportunity for ongoing store roll-out for UNI which is the market leader in youth multi-brand apparel. Relative to youth footwear, the youth apparel category is under-penetrated in terms of store footprint; we forecast an additional 22 Universal stores will be rolled out in the next three years.

Goldman Sachs has a buy rating and $7.55 price target on its shares.

As for dividends, the broker is expecting fully franked dividends of 27 cents in FY 2023 and 31 cents in FY 2024. Based on the latest Universal Store share price of $5.45, this equates to yields of 5% and 5.7%, respectively.

The post Buy these ASX dividend shares next week: experts appeared first on The Motley Fool Australia.

(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

• These ASX dividend shares have big yields and bigger upside potential: experts
• Why Challenger, SG Fleet, Sims, and Universal Store shares are rising
• 5 ASX 200 shares I would buy if I was starting from scratch: expert
• Forget term deposits! I’d listen to Warren Buffett and invest $250 a month to try to retire rich
• If I had a spare $1,000, here’s where I’d invest in the stock market now

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 Macquarie 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/l1CgkVm

• Stock Market