Australia and New Zealand Banking GrpLtd (ASX:ANZ) and this ASX dividend share could be quality options according to analysts…
The post 2 blue chip ASX dividend shares analysts are tipping as buys appeared first on The Motley Fool Australia. –
Thankfully, in this low interest rate environment, the Australian share market is home to a range of shares that are expected to provide attractive yields to investors in 2021.
If you’re interested in adding a few to your portfolio, then you may want to look at the ones listed below. Here’s why they could be dividend shares to buy:
Australia and New Zealand Banking GrpLtd (ASX: ANZ)
Although the ANZ share price has been a very strong performer in 2021, it doesn’t appear to be too late for investors to snap up shares. According to a recent note out of Morgans, its analysts have retained their add rating and lifted their price target on its shares to $33.50. This compares to the latest ANZ share price of $28.16.
But even better, is that despite rising 22% since the start of the year, its shares are still expected to provide income investors with generous yields in the near term.
For example, Morgans is forecasting fully franked dividends of $1.45 and $1.63 per share over the next two years. Based on the current ANZ share price, this will mean yields of 5.15% and 5.8%, respectively.
Wesfarmers Ltd (ASX: WES)
Another option to consider is Wesfarmers. It is the conglomerate behind a number of quality businesses such as Bunnings, Catch, Kmart, and Officeworks.
Wesfarmers has been performing very positively in FY 2021, delivering solid sales and profit growth during the first half. This has been driven by growth across the majority of its businesses but particularly from the Bunnings business. The hardware giant has been benefiting from home improvement-related government stimulus and the booming housing market.
One broker that is a fan is Goldman Sachs. It currently has a buy rating and $59.70 price target on its shares. This compares to the latest Wesfarmers share price of $54.73.
The broker is also forecasting fully franked dividends of $1.88 per share in FY 2021 and $1.94 per share in FY 2022. This represents attractive yields of 3.5% and 3.6%, respectively.
These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)
Motley Fool Australia’s Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.
Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.
Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.
Returns As of 15th February 2021
The ANZ (ASX:ANZ) share price leads the ASX 200 banks this week
2 highly rated ASX dividend shares for income investors
The post 2 blue chip ASX dividend shares analysts are tipping as buys appeared first on The Motley Fool Australia.