2 buy-rated ASX dividend shares for income investors

Check out these top dividend shares…
The post 2 buy-rated ASX dividend shares for income investors appeared first on The Motley Fool Australia. –

With savings accounts and term deposits still providing very low interest rates, the share market arguably remains the best place to earn a passive income.

But which ASX dividend shares should you consider buying? Two to consider are listed below:

Bapcor Ltd (ASX: BAP)

The first ASX dividend share to look at is Bapcor. It is Asia Pacific’s leading provider of vehicle parts, accessories, equipment, service and solutions.

Bapcor appears well-placed for growth over the coming years thanks to its strong market position, growing store footprint, and strong demand for used cars. And while the rise of electric cars poses a long term risk, the company appears to be addressing this now following the unceremonious exit of its Chief Executive Officer.

That exit has caused a significant pullback in the Bapcor share price, which could be a buying opportunity for income investors according to the team at Credit Suisse.

Earlier this month the broker put an outperform rating and $7.90 price target on the company’s shares. Credit Suisse is also forecasting fully franked dividends of 23 cents in FY 2022 and 24.6 cents in FY 2023.

Based on the current Bapcor share price of $6.71, this will mean yields of 3.4% and 3.7%, respectively.

Commonwealth Bank of Australia (ASX: CBA)

Another ASX dividend share to look at is Commonwealth Bank. Like Bapcor, this banking giant’s shares have pulled back significantly recently. This has been driven by the release of a disappointing first quarter update which revealed margin pressure from intense competition for home loans.

The team at Bell Potter appear to see this as a buying opportunity. In response to the update, its analysts have retained their buy rating but trimmed their price target to $111.00.

As for dividends, Bell Potter is forecasting fully franked dividends per share of $3.94 in FY 2022 and $4.15 in FY 2023. Based on the current CBA share price of $99.12, this will mean yields of 4% and 4.2%, respectively.

The post 2 buy-rated ASX dividend shares for income investors 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 more than eight 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 August 16th 2021

More reading

Is the dividend big enough to make the CBA (ASX:CBA) share price a buy?

Top brokers name 3 ASX shares to sell next week

What’s happening with the CBA (ASX:CBA) share price this week?

CBA (ASX:CBA) share price up amid another loan rate hike

ASX shares that could be impacted by AdBlue shortage

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 Bapcor. 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.

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

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

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 indefinitely, 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.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!