Experts name 2 top ASX dividend shares to buy next week

Are you looking for dividend shares to add to your income portfolio next week? If you are, then the two listed below could be top options.

Analysts have recently rated these dividend shares as buys. Here’s why they rate them highly:

GQG Partners Inc (ASX: GQG)

The first ASX dividend share that has been tipped as a buy is fund manager GQG.

The team at Goldman Sachs are positive on the company due to its strong investment performance, low fees, and attractive valuation. In respect to fees, Goldman highlights that GQG is in the lowest quartile among global peers. The broker also likes that GQG’s co-founders have the majority of their net wealth invested in the company and its investment strategies.

Another positive is the attractive yield on offer with its shares. Goldman is forecasting dividends per share of 8 cents in FY 2022 and 9 cents in FY 2023. Based on the current GQG share price of $1.56, this will mean yields of 5.1% and 5.8%, respectively.

The broker also sees decent upside for its shares with its buy rating and $1.92 price target.

Wesfarmers Ltd (ASX: WES)

Another ASX dividend share that has been tipped as a buy is Wesfarmers. It is the conglomerate behind a range of businesses such as Bunnings, Catch, Covalent Lithium, Kmart, Officeworks, and Priceline.

The team at Morgans remains very positive on the company. Particularly after Wesfarmers delivered a full year result that was “comfortably above expectations” last week.

Outside this, the broker likes the company due to its valuation. At 22x estimated FY 2023 earnings, the broker believes this is attractive for “a high-quality business with a diversified group of retail and industrial brands, solid balance sheet and strong leadership team.”

As for dividends, the broker is forecasting fully franked dividends per share $1.82 in FY 2022 and $1.89 in FY 2024. Based on the current Wesfarmers share price of $46.71, this will mean yields of 3.9% and 4%, respectively.

Morgans has an add rating and $55.60 price target on Wesfarmers’ shares.

The post Experts name 2 top ASX dividend shares to buy next week appeared first on The Motley Fool Australia.

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More reading

• How did ASX 200 dividend shares stack up in August?
• How I’d invest $20,000 in ASX shares today if I had to start from scratch
• Why is the Wesfarmers share price sliding lower on Wednesday?
• 5 things to watch on the ASX 200 on Wednesday
• Hoping to bag the next Wesfarmers dividend? Here’s what you need to do

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 Wesfarmers Limited. 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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