Are you looking for dividend shares to buy this week? If you are, then the two listed below could be worth checking out.

Both have been named as buys by analysts at Morgans this week and have been tipped to provide very attractive yields. Here’s what you need to know about these dividend shares:

Coles Group Ltd (ASX: COL)

The first ASX dividend share that Morgans thinks is a buy is supermarket giant Coles.

its analysts were pleased with the company’s half-year results and particularly the stronger than expected performance from its supermarkets segment.

In light of this positive form and its defensive qualities, the broker believes Coles is a great option right now. It commented:

Trading on 22.5x FY24F PE and 3.6% yield, we continue to see COL as offering good value with the company’s healthy balance sheet and defensive characteristics putting it in a good position to navigate through a weaker economic environment. In our view, the unwinding of local shopping trends should continue to be a tailwind and further trading down from consumers will also be positive given COL’s strong Own Brand offering.

As for dividends, the broker is forecasting fully franked dividends per share of 66 cents in both FY 2023 and FY 2024. This represents yields of 3.6% for both years.

Morgans has an add rating and $19.60 price target on its shares.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend share that has been named as a buy is HomeCo Daily Needs.

It is a property investment company that offers investors exposure to a portfolio of daily needs assets. These include convenience-based assets across neighbourhood retail, large format retail, and health and services.

Morgans is very positive on the company due to the resilience of its cashflows and its huge development pipeline. Earlier this week, the broker commented:

HDN’s portfolio remains well positioned with resilient cashflows and continues to be a beneficiary of accelerating click & collect trends. +80% of tenants are national and 73% of tenants offer click & collect reinforcing the importance of assets being able to support ‘last mile logistics’. Sites are also in strategic locations with strong population growth (79% metro). HDN offers investors an attractive yield of +6% underpinned by contracted rental income and has a large development pipeline.

In respect to dividends, the broker is forecasting dividends per share of 8.3 cents in FY 2023 and 8.4 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.26, this will mean dividend yields of 6.6% and 6.7%, respectively.

Morgans has an add rating and $1.50 price target on HomeCo Daily Needs’ shares.

The post These excellent ASX dividend shares are buys: Morgans appeared first on The Motley Fool Australia.

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• Experts name 2 ASX All Ords shares to buy after their excellent results
• Wake up! Buy 5 ASX shares that are reporting season gems: Morgans
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• 3 ASX 200 dividend shares to buy now before their dividend payouts
• Is Coles now one of the best ASX 200 dividend shares?

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 Coles Group. 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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