Insights

Experts say these ASX dividend shares are buys right now

Here are two dividend shares that experts rate as buys…
The post Experts say these ASX dividend shares are buys right now appeared first on The Motley Fool Australia. –

Are you looking for dividend shares to buy next week? If you are, then you might want to look at the shares listed below that have been named as buys.

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

Lovisa Holdings Limited (ASX: LOV)

The first ASX dividend share that could be worth considering is fast-fashion jewellery retailer Lovisa.

While its shares may not provide investors with the biggest yield you’ll find on the market, its dividend has the potential to grow materially in the future. This is due to its bold global expansion plans.

It is because of these plans that Morgans believes “LOV may just prove to be one of the biggest success stories in Australian retail.”

For now, the broker is expecting a 50 cents per share dividend in FY 2022 and a 51 cents per share dividend in FY 2023. Based on the current Lovisa share price of $17.80, this will mean yields of 2.8% and 2.9%, respectively.

Morgans also sees plenty of upside for Lovisa’s shares with its add rating and $21.50 price target.

National Australia Bank Ltd (ASX: NAB)

Another ASX dividend share that could be a top option for income investors is banking giant NAB.

It has been rated as a buy by analysts at Goldman Sachs. They believe the bank has a balance sheet mix that provides investors with the best exposure to the expected domestic system growth over the next 12 to 18 months.

The broker is also expecting some very attractive dividend yields in the near term. Its analysts are currently forecasting a $1.51 per share dividend in FY 2022 and then a $1.68 per share dividend in FY 2023. Based on the current NAB share price of $30.60, this will mean fully franked yields of 4.9% and 5.5%, respectively.

Goldman currently has a conviction buy rating and $34.26 price target on the bank’s shares.

The post Experts say these ASX dividend shares are buys right now 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

See The 5 Stocks
*Returns as of July 7 2022

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

‘Raises a whole lot of issues’: Which ASX 200 banks are still funding new fossil fuel projects?
Experts name 2 ASX growth shares to buy with double-digit upside potential
The NAB share price is up 20% from its YTD low. Is now the time to buy?
Why this ASX investment company dumped NAB for Westpac shares
Should investors buy NAB shares for the dividends? Here’s what I think

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 Lovisa Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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

Rebate Rewards

Level 2 Rebate

Deposit $2,000 and get $200 Rebate
$ 200 Rebate
  • 3 Simple Steps
  • 1. Register Using The Link Below (Promo-Code: WEBREBATE)
  • 2. Deposit $2,000 and place one trade at any non-Austalian market within 30 calendar days
  • 3. Receive Your $200 Rebate
Popular

Level 1 Rebate

Deposit $1,000 and get $100 Rebate
$ 100 Rebate
  • 3 Simple Steps
  • 1. Register Using The Link Below (Promo-Code: WEBREBATE)
  • 2. Deposit $1,000 and place one trade at any non-Austalian market within 30 calendar days
  • 3. Receive Your $100 Rebate

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.

EASY QUALIFICATION & LOW ENTRY
NEW CLIENT REBATE OFFER
EARN UP TO $200 CASH REBATE
Act Fast - Promotion Ends In
Click Here To Get Started
EASY QUALIFICATION & LOW ENTRY
NEW CLIENT REBATE OFFER
EARN UP TO $200 CASH REBATE
Act Fast - Promotion Ends In
Click Here For More Info