Are you looking for dividend shares to buy this week? If you are, then the two listed below could be worth checking out.
Both shares have been named as buys by analysts and have been tipped to provide attractive yields. Hereâs what you need to know about these dividend shares:
HomeCo Daily Needs REITÂ (ASX: HDN)
The first ASX dividend share that has been named as a buy is HomeCo Daily Needs.
HomeCo Daily Needs is a property investment company that focuses on convenience-based assets across neighbourhood retail, large format retail, and health and services.
The team at Morgans is bullish on the company due to the resilience of its cashflows, its huge development pipeline, and favourable trends. The latter includes the âaccelerating click & collect trends.â
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 $1.19, this will mean dividend yields of 7% and 7.1%, respectively.
Morgans has an add rating and $1.50 price target on HomeCo Daily Needsâ shares.
Pilbara Minerals Ltd (ASX: PLS)
Another ASX dividend share that has been named as a buy is Pilbara Minerals. It is one of the worldâs largest lithium miners with some world class operations in Western Australia.
Although lithium prices have pulled back recently, they are still materially higher than the companyâs cost of production. This means it is still printing money right now, which bodes well for dividends.
For example, Citi expects this to lead to fully franked dividends per share of 25 cents in FY 2023, 16 cents in FY 2024, and 21 cents in FY 2025. Based on the latest Pilbara Minerals share price of $4.02, this equates to yields of 6.2%, 4%, and 5.2%, respectively.
Citi has an outperform rating and $4.60 price target on Pilbara Mineralsâ shares.
The post Analysts say Pilbara Minerals and this ASX dividend share are buys appeared first on The Motley Fool Australia.
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More reading
- Here are the top 10 ASX 200 shares today
- Here are the 3 most heavily traded ASX 200 shares on Friday
- Here are the 3 most heavily traded ASX 200 shares on Thursday
- Why did Pilbara Minerals shares charge higher today?
- Here are the top 10 ASX 200 shares today
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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