Brokers name 3 ASX dividend shares to buy now

If you’re an income investor looking for dividend shares to buy, then you might want to read on.

That’s because listed below are three top ASX dividend shares that analysts are recommending as buys.

Here’s what you need to know about them:

ANZ Group Holdings Ltd (ASX: ANZ)

If you’re looking for banking sector exposure, then ANZ could be a good ASX dividend share to buy. That’s the view of analysts at Goldman Sachs, which like the bank due to its exceptionally strong institutional operations.

Goldman Sachs currently has a buy rating and $27.85 price target on its shares.

In respect to income, the broker is forecasting fully franked dividends per share of $1.62 in both FY 2024 and FY 2025. Based on the current ANZ share price of $26.62, this will mean dividend yields of 6.1%.

Healthco Healthcare and Wellness REIT (ASX: HCW)

Another ASX dividend share that has been named as a buy is Healthco Healthcare and Wellness REIT.

It is a leading health and wellness focused real estate investment trust. It offers investors exposure to a diversified portfolio underpinned by attractive megatrends.

Morgans is positive on the company and has an add rating and $1.67 price target on its shares.

In addition, it is forecasting dividends per share of 8 cents in FY 2024 and FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.28, this will mean yields of 6.3% in both years.

Telstra Group Ltd (ASX: TLS)

A final ASX dividend share that analysts rate as a buy is telco giant Telstra.

Goldman Sachs is also a fan of Telstra and has a buy rating and $4.70 price target on its shares. It likes the company’s low risk earnings and dividend growth over the coming years.

As for dividends, the broker is forecasting fully franked dividends of 18 cents per share in FY 2024 and then 19 cents per share in FY 2025. Based on the current Telstra share price of $3.99, this equates to fully franked yields of 4.5% and 5%, respectively.

The post Brokers name 3 ASX dividend shares to buy now appeared first on The Motley Fool Australia.

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More reading

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• Top ASX shares to buy in 2024 instead of investing in a term deposit
• Which had the better year in 2023: Telstra, Woodside or Wesfarmers 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 positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Telstra 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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