Insights

2 buy-rated ASX dividend shares

These blue chip dividend shares are rated as buys…
The post 2 buy-rated ASX dividend shares appeared first on The Motley Fool Australia. –

Although the outlook for interest rates is improving, it still looks likely to be some time until rates are at a level sufficient to generate a passive income.

In light of this, dividend shares could be one of the better ways to achieve a passive income for a little while to come.

But which dividend shares should you buy? Two that analysts rate highly right now are listed below:

BHP Group Ltd (ASX: BHP)

The first ASX dividend share to look at is this mining giant. It could be a top option due to its world class portfolio of operations globally and favourable commodity prices.

This is expected to underpin significant free cash flow in FY 2022. So much so, the team at Macquarie is forecasting very generous dividend payments this year and in the future. For example, iys analysts have pencilled in fully franked dividends of ~$3.86 per share in FY 2022 and ~$2.86 per share in FY 2023.

Based on the current BHP share price of $46.15, this will mean yields of 8.4% and 6.2%, respectively.

Macquarie also sees decent upside for BHP shares and has an outperform rating and $52.00 price target.

Macquarie Group Ltd (ASX: MQG)

Another ASX dividend share to consider is investment bank Macquarie. Although its shares have been very strong performers over the last 12 months, the team at Citi still see value in them and expect attractive yields in the near term.

The broker currently has a buy rating and $226.00 price target on the company’s shares. As for dividends, Citi is forecasting dividends per share of $6.42 in FY 2022 and then $6.10 in FY 2023.

Based on the current Macquarie share price of $207.61, this will mean yields of 3.1% and 2.9%, respectively, over the next couple of years.

The post 2 buy-rated ASX dividend shares 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

These are the 10 most shorted ASX shares

Is the iron ore price set to slide?

Does the BHP London share price perform the same as the company’s ASX:BHP listing?

5 things to watch on the ASX 200 on Monday

The BHP (ASX:BHP) unification vote is next week and not everyone is happy

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 recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Free Share Allocation Reward Levels

STARTER

Class
$ 2,500 Deposit & Trade
  • REWARD^
  • 1 x Marathon Oil Corporation (NYSE:MRO)

ECONOMY

Basic
$ 5,000 Deposit & Trade
  • REWARD^
  • 1 x Pfizer Inc (NASDAQ:PFE)

ECONOMY

Standard
$ 10,000 Deposit & Trade
  • REWARD^
  • 1 x Amazon.com Inc (NASDAQ:AMZN)

ECONOMY

Plus
$ 25,000 Deposit & Trade
  • REWARD^
  • 2 x Apple Inc (NASDAQ:AAPL)
POPULAR

BUSINESS

Class
$ 50,000 Deposit & Trade
  • REWARD^
  • 4 x Apple Inc (NASDAQ:AAPL)

FIRST

Class
$ 150,000 Deposit & Trade
  • REWARD CHOICES^
  • 12 x Apple Inc (NASDAQ:AAPL)
  • 2 x Tesla (NASDAQ:TSLA)
^Please refer to the Free Share Promotion Terms and Conditions for details.

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex Securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

FREE AAPL, TSLA, AMZN, PFE or MRO Share(s)
REGISTER TO BE ELIGIBLE FOR FREE SHARES
TRAVEL ACROSS THE FINANCIAL WORLD
Act Fast - Promotion Ends In
Click Here To Get Started
FREE AAPL, TSLA, AMZN, PFE or MRO Share(s)
REGISTER TO BE ELIGIBLE FOR FREE SHARES
TRAVEL ACROSS THE FINANCIAL WORLD
Act Fast - Promotion Ends In
Click Here For More Info