The Motley Fool

Top brokers name 3 ASX dividend shares to buy today

When it comes to dividend shares there certainly is a large number to choose from on the Australian share market.

But deciding which ones to buy can be a difficult task. Luckily, brokers across the country have been busy doing the hard work and recommending shares to buy and sell again this week.

Three dividend shares that have been rated as buys are listed below:


According to a note out of the Macquarie equities desk, its analysts have an outperform rating and $8.25 price target on this testing services company’s shares. Whilst the broker has been a little disappointed with its performance in FY 2019 it appears to see this as a temporary blip and nothing more. Its analysts also note that its shares are materially cheaper than its peers and believe now could be an opportune time to invest. They have forecast a 24.5 cents per share dividend in FY 2020, which means its shares offer a forward partially franked 3.5% dividend yield.

Rio Tinto Limited (ASX: RIO)

A note out of Citi reveals that its analysts have retained their buy rating and $110.00 price target on this mining giant’s shares following the release of its half year result. According to the note, Rio Tinto’s underlying earnings fell a touch short of the broker’s estimates. However, with the miner confident that Chinese demand for iron ore will remain strong and supply will remain tight, the broker hasn’t made any changes to its recommendation. Citi expects a dividend of approximately $6.30 per share in FY 2019, which equates to a 6.7% dividend yield.

Telstra Corporation Ltd (ASX: TLS)

Analysts at Goldman Sachs have a buy rating and $4.20 price target on this telco giant’s shares at present. According to the note, the broker likes Telstra due to its generous dividend yield in a low rate environment, potential asset sales which could crystallise value, its cost-out opportunities, and improving conditions in the Australian mobile market. And based on Goldman Sachs’ forecasts for FY 2020, Telstra’s shares currently provide investors with a fully franked forward 4.2% dividend yield.

And finally, here are three more dividend shares that have recently been rated as buys.

NEW! Top 3 Dividend Bets for 2019

With interest rates likely to stay at rock bottom for months (or YEARS) to come, income-minded investors have nowhere to turn... except dividend shares. That’s why The Motley Fool’s top analysts have just prepared a brand-new report, laying out their top 3 dividend bets for 2019.

Hint: These are 3 shares you’ve probably never come across before.

They’re not the banks. Not Woolies or Wesfarmers or any of the “usual suspects.”

We think these 3 shares offer solid growth prospects over the next 12 months. The first two currently offer fat, fully franked yields. The last is a surprising REIT offering you the benefits of being a landlord with none of the hassle! You’ll discover all three names and codes in "The Motley Fool’s Top 3 Dividend Shares for 2019."

Even better, your copy is free when you click the link below. Fair warning: This report is brand new and may not be available forever. Click the link below to be among the first investors to get access to this timely, important new research!

The names of these top 3 dividend bets are all included. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this report.

Click here to claim your free copy right now!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.