Analysts name 2 inflation-beating ASX dividend shares to buy

Here are two dividend shares rated as buys…

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If you’re looking to beat inflation with some dividend shares, then the two listed below could be worth considering.

Analysts have recently named these ASX dividend shares as buys. Here’s what you need to know about them:

Adairs Ltd (ASX: ADH)

The first ASX dividend share for investors to look at is leading furniture and homewares retailer, Adairs.

While trading conditions have been tough this year, Adairs has been tipped to bounce back strongly in FY 2023. Particularly given its new national distribution centre and the recent acquisition of Focus on Furniture.

Morgans expects this to be the case and has put an add rating and $3.50 price target on its shares.

As for dividends, the broker is forecasting fully franked dividends of 19 cents per share in FY 2022 and 26 cents per share in FY 2023. Based on the current Adairs share price of $2.76, this will mean yields of 6.9% and 9.4%, respectively, over the next couple of years.

BHP Group Ltd (ASX: BHP)

Another ASX dividend share that is rated as a buy is BHP. It is of course one of the world’s largest miners with a collection of world class operations across a range of commodities and geographies.

Thanks to strong commodity prices, BHP has been generating bumper free cash flows again in FY 2022. This has analysts tipping the Big Australian to pay some big dividends in the near term.

Morgans, for example, is forecasting fully franked dividends per share of ~$3.93 in FY 2022 and then ~$2.95 in FY 2023. Based on the current BHP share price of $47.40, this implies yields of 8.3% and 6.2%, respectively.

The broker also sees value in the miner’s shares with its add rating and $54.30 price target.

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 positions in and has recommended ADAIRS FPO. The Motley Fool Australia has positions in and has recommended ADAIRS FPO. 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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