Brokers name 2 ASX dividend shares to buy now

Here are two top dividend shares that brokers say are buys…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you looking for some new dividend shares to buy? Good news, brokers have recently named these shares as buys.

Here's what they are saying about these ASX dividend shares:

An ASX dividend investor holds a fanned out bunch of $40 Australian cash notes and wonders whether any ASX lithium shares pay dividends

Image source: Getty Images

Healthco Healthcare and Wellness REIT (ASX: HCW)

The first ASX dividend share to consider is Healthco Healthcare and Wellness REIT. It is a real estate investment trust with a mandate to invest in hospitals, aged care, childcare, life sciences and research, and primary care properties.

It could be a top option due to its exposure to a diversified portfolio underpinned by attractive megatrends and its aim of stable and growing distributions.

Goldman is bullish on the company and has a conviction buy rating and $2.08 price target on its shares. It recently said:

[T]he REIT remains one of our top picks in the sector given 1) its net cash position with over $450mn of liquidity, providing flexibility for near term opportunities, 2) its diversified mix of strong tenant covenants in sub-sectors that are majority government-backed across the care spectrum, mitigating potential tenant credit risks, 3) Healthcare and childcare assets valuations have remained resilient, 4) the expansive forecast future demand for assets across the care spectrum, underpinning development opportunities, and 5) inexpensive valuation.

As for dividends, Goldman is forecasting dividends of 7.5 cents per share in FY 2023 and FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.64, this will mean yields of 4.6% for investors.

Macquarie Group Ltd (ASX: MQG)

Another ASX dividend share that could be worth considering is Macquarie.

It is of course one of the world's leading investment banks with operations spanning banking, financial, advisory, investment and fund management.

The team at Morgans is very positive on Macquarie. The broker believes it is well-placed for growth over the long term thanks to structural tailwinds. It currently has an add rating and $215.00 price target on the company's shares.

The broker commented:

We continue to like MQG's exposure to long-term structural growth areas such as infrastructure and renewables. The company also stands to benefit from recent market volatility through its trading businesses, while the company continues to gain market share in Australian mortgages.

In respect to dividends, Morgans is forecasting partially franked dividends of $7.07 per share in FY 2023 and $7.47 per share in FY 2024. Based on the current Macquarie share price of $178.59, this will mean yields of 4% and 4.2%, respectively.

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

More on Dividend Investing

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

Own GDX, MOAT, or ESPO? VanEck just announced ASX ETF dividends

WOW! There are some whopper dividends available to ASX ETF investors this season.

Read more »

One hundred dollar notes blowing in the wind, representing dividend windfall.
Dividend Investing

Own Vanguard ASX ETFs? Here is your next dividend

Vanguard has announced its next lot of dividends and when it will pay ASX ETF investors.

Read more »

A panel of four judges hold up cards all showing the perfect score of ten out of ten
Dividend Investing

2 of the best ASX dividend shares to buy in July

These shares are highly rated by analysts at Morgans.

Read more »

Woman calculating dividends on calculator and working on a laptop.
Dividend Investing

2 ASX dividend shares I'd buy for passive income that can last

For passive income investors, real-world infrastructure assets can be a useful place to look.

Read more »

A large clear wine glass on the left of the image filled with fifty dollar notes on a timber table with a wine cellar or cabinet with bottles in the background.
Dividend Investing

2 ASX shares with dividend yields above 9%

This seems like a great time to invest in these stocks for passive income.

Read more »

A man wearing glasses sits back in his desk chair with his hands behind his head staring smiling at his computer screens as the ASX share prices keep rising
Dividend Investing

$5,000 buys 194 shares in these 2 top ASX dividend stocks

Reliable dividends from essential infrastructure ASX companies.

Read more »

Oil worker using a smartphone in front of an oil rig.
Energy Shares

Buying Woodside shares? Here's the dividend yield you'll get today

Does this oil giant measure up for income?

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

Want passive income? These 3 ASX dividend stocks could deliver

These defensive assets have a long history of paying a reliable passive income to their shareholders.

Read more »