Experts say these ASX dividend shares are buys right now

Here are two dividend shares that experts rate as buys…

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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:

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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.

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.

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