Insights

Analysts name 2 ASX dividend shares to buy today

Here are two buy-rated dividend shares…
The post Analysts name 2 ASX dividend shares to buy today appeared first on The Motley Fool Australia. –

Are you interested in boosting your income portfolio with some new additions? Then below are two options to consider.

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

Coles Group Ltd (ASX: COL)

The first dividend share to look at is this supermarket giant. It has been a solid performer over the last few years, particularly during the height of the pandemic, and has continued this positive form in FY 2022.

Coles recently reported a 1.5% increase in total first quarter sales to $9,756 million. This growth was driven by its Supermarket and Liquor businesses, which offset weakness in the Express business due to lockdowns.

Looking ahead, the future looks bright for Coles thanks to its strong market position, defensive qualities, and its focus on automation to cut costs and boost its online business. The latter includes constructing new smart distribution centres with automation giant Ocado.

Citi is positive on Coles’ outlook and is forecasting fully franked dividends of 65 cents per share in FY 2022 and then 72 cents per share in FY 2023. Based on the current Coles share price of $17.83, this will mean yields of 3.65% and 4%, respectively. Citi has a buy rating and $19.60 price target on its shares.

Transurban Group (ASX: TCL)

Another ASX dividend share for income investors to look at is Transurban.

It is one of the world’s leading toll road operators with a collection of important roads in Australia and North America. While lockdowns and border closures have weighed on its performance this year, things are looking very positive now Australia is reopening.

This is expected to lead to busier roads and underpin solid income and distribution growth over the coming years.

For example, Morgans is forecasting dividends of 39 cents per share in FY 2022 and then a jump to 57 cents per share in FY 2023. Based on the current Transurban share price of $13.47, this will mean yields of 2.9% and 4.2% respectively. Morgans has an add rating and $14.79 price target on the company’s shares.

The post Analysts name 2 ASX dividend shares to buy today 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

Broker upgrade sends Coles (ASX:COL) share price surging higher

Halo Food (ASX:HLF) share price leaps 7% on Coles deal

Why has the Woolworths (ASX:WOW) share price underperformed Coles in the last month?

Coles (ASX:COL) share price slips as the company prepares for a new era

5 things to watch on the ASX 200 on Wednesday

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 owns shares of and has recommended COLESGROUP DEF SET. 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!