Experts say these top ASX dividend shares are buys right now

If you’re looking for dividend shares to buy, then the two listed below could be worth checking out.

Both have been named as buys by analysts recently and tipped to provide very attractive yields. Here’s what you need to know about them:

Accent Group Ltd (ASX: AX1)

Goldman Sachs believes that this footwear and apparel retailer could be an ASX dividend share to buy right now.

The broker is a fan of the retailer due to its “diversified product exposure.” It notes that this includes a number of product categories its analysts “believe are resilient in the current cycle including youth footwear (Platypus, Hype), youth apparel (Glue, Nude Lucy), performance footwear (TAF), and a higher income consumer (Stylerunner).”

As a result, the broker expects the company to pay fully franked dividends of 10.2 cents per share in FY 2023 and 11.4 cents per share in FY 2024. Based on the current Accent share price of $1.86, this will mean yields of 5.5% and 6.1%, respectively.

Goldman has a buy rating and $2.20 price target on Accent’s shares.

Wesfarmers Ltd (ASX: WES)

Morgans is a fan of this conglomerate and believes it could be an ASX dividend share to buy.

Wesfarmers is of course the name behind a range of businesses such as Bunnings, Catch, Covalent Lithium, Kmart, Officeworks, and Priceline.

Morgans thinks Wesfarmers could be a good option in the current economic environment due to its value offering. It points out that “Kmart is well-placed to benefit with the average price of an item at around $6-7.”

In respect to dividends, the broker is forecasting fully franked dividends per share of $1.82 in FY 2023 and $1.89 in FY 2023. Based on the current Wesfarmers share price of $48.15, this will mean yields of 3.8% and 4%, respectively.

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

The post Experts say these top ASX dividend shares are buys right now appeared first on The Motley Fool Australia.

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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. The Motley Fool Australia has recommended Accent 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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