Although this month's market selloff has been very disappointing, one positive is that it has pulled down a number of dividend shares to levels that offer attractive yields.
Two ASX dividend shares that I would buy after the selloff are listed below. Here's why I like them:
Bravura Solutions Ltd (ASX: BVS)
The first ASX dividend share to consider buying is Bravura Solutions. The shares of the provider of software products and services to the wealth management and funds administration industries have fallen over 43% from their 52-week high. As well as weakness in the tech sector, investors have been selling Bravura's shares after the company warned that earnings could be flat in FY 2021 because of the pandemic.
While this is a touch disappointing, I'm confident its growth will accelerate again once the crisis passes. Especially considering the quality of its offering and its massive market opportunity. In light of this, I think it is worth taking advantage of this pullback by buying its shares today. Based on the current Bravura share price, it offers a 3.25% yield.
People Infrastructure Ltd (ASX: PPE)
People Infrastructure is a leading workforce management company that provides innovative solutions to workforce challenges. It was a very strong performer in FY 2020 despite the pandemic. People Infrastructure delivered a 34.5% increase in revenue to $374.2 million and a 53.3% increase in normalised net profit after tax and before amortisation (NPATA) to $18.4 million.
This strong form allowed the company to declare a fully franked final dividend of 4.5 cents per share. Which brought its full year dividend to 8.5 cents per share for FY 2020. Based on the current People Infrastructure share price, this provides investors with an attractive 3.15% dividend yield. And while trading conditions remain tough in FY 2021, I'm confident it is well-placed to grow its earnings and dividend once again.
