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2 excellent ASX dividend shares that experts rate as buys this week

Here are two dividend shares rated as buys…
The post 2 excellent ASX dividend shares that experts rate as buys this week appeared first on The Motley Fool Australia. –

Looking for dividend shares to buy this week? If you are, then you might want to look at the shares listed below.

Here’s why these ASX dividend shares are rated as buys:

Accent Group Ltd (ASX: AX1)

The first ASX dividend shares to look at is footwear focused retailer, Accent.

It is the company behind brands such as Athlete’s Foot, HYPEDC, Pivot, Platypus, Sneaker Lab, and Stylerunner.

Accent’s shares have been hit hard in 2022 due to tough trading conditions in the retail sector as cost of living pressures hit consumer discretionary spending.

While this is disappointing, analysts at Bell Potter remain positive and appear to see it as a buying opportunity. Its analysts recently reiterated their buy rating and $2.20 price target on the retailer’s shares.

The broker is also forecasting some attractive dividend yields in the coming years. Bell Potter has forecast fully franked dividends of 5.8 cents per share in FY 2022 and then 10.7 cents per share in FY 2023. Based on the current Accent share price of $1.24, this will mean yields of 4.7% and 8.6%, respectively.

National Australia Bank Ltd (ASX: NAB)

Another ASX dividend share to look at is banking giant NAB.

Its shares have also been hammered recently, along with the rest of the big four, amid concerns that rapidly rising interest rates could cause more harm than good for the sector.

One broker that is likely to see this pullback as a buying opportunity is Goldman Sachs. Its analysts currently have a conviction buy rating and $34.17 price target on the bank’s shares.

As for dividends, the broker is forecasting a $1.50 per share dividend in FY 2022 and then a $1.65 per share dividend in FY 2023. Based on the current NAB share price of $26.06, this will mean fully franked yields of 5.75% and 6.3%, respectively.

The post 2 excellent ASX dividend shares that experts rate as buys this week appeared first on The Motley Fool Australia.

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More reading

Why are ASX 200 bank shares having such a cracking start to the week?
3 ASX 200 bank shares slide to 52-week lows on Friday
Why brokers think Accent shares are a ‘shoe-in’ for ASX investors
‘Stellar performer’: Why this fundie is buying the dip in the NAB share price
ASX 200 bank shares languish on Thursday despite market lift

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 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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