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2 ASX dividend shares that experts are tipping as buys right now

Here are a couple of dividend shares that experts rate as buys…
The post 2 ASX dividend shares that experts are tipping as buys right now appeared first on The Motley Fool Australia. –

If you’re an income investor searching for new dividend shares to buy, it could be worth checking out the two listed below.

Here’s why they are rated as buys right now:

Adairs Ltd (ASX: ADH)

The first ASX dividend share that could be a buy is Adairs. It is the leading furniture and homewares retailer behind the Focus on Furniture, Mocka, and eponymous Adairs brands.

While trading conditions are tough right now, the team at Morgans remains upbeat and has an add rating and $3.50 price target on its shares.

Its analysts are expecting Adairs to bounce back strongly in FY 2023 thanks to the recent acquisition of Focus on Furniture and the launch of its new national distribution centre.

Morgans is also expecting some very big dividends in the near term. It is forecasting fully franked dividends of 19 cents per share in FY 2022 and 26 cents per share in FY 2023. Based on the current Adairs share price of $2.42, this will mean yields of 7.9% and 10.7%, respectively.

Mineral Resources Limited (ASX: MIN)

Another dividend share to look at is Mineral Resources. This mining and mining services company could be a top option for income investors that aren’t averse to investing in the resources sector.

This is because Mineral Resources has exposure to two of the hottest commodities in town right now – iron ore and lithium.

Goldman Sachs is very positive on the company and has a buy rating and $73.80 price target. Its analysts are forecasting the “more than doubling of group EBITDA to over A$2bn in FY23 driven by higher lithium and low grade iron ore prices, and a 5% increase to mining services volumes to ~300Mt.”

As for dividends, Goldman is forecasting fully franked dividends of 64 cents per share in FY 2022 and then 244 cents per share in FY 2023. Based on the latest Mineral Resources share price of $60.35, this will mean yields of 1% and 4%, respectively.

The post 2 ASX dividend shares that experts are tipping as buys right now appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

More reading

One broker’s outlook for lithium supply and demand and what it could mean for ASX lithium shares
Why was May such a shocker for the Adairs share price?
3 high-quality ASX 300 shares trading at 52-week lows today
Mineral Resources share price dips despite new lithium partnership
Why did the Mineral Resources share price slide 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 positions in and has recommended ADAIRS FPO. The Motley Fool Australia has positions in and has recommended ADAIRS FPO. 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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