Are you looking for dividends shares to buy? If you are, then take a look at the two listed below which are rated as buys.
Here's what you need to know about these growing dividend shares:
Dicker Data Ltd (ASX: DDR)
The first ASX dividend share that has been rated as a buy is leading technology hardware, software, and cloud distributor, Dicker Data.
It has been growing at a consistently solid rate for a decade and shows little sign of stopping any time soon. For example, during the first half of FY 2022, the company expects to report a 36% increase in revenue to $1,459 million and an 11% lift in operating profit before tax to a record of $51 million (excluding acquisition costs).
In response to this news, the team at Morgan Stanley retained their overweight rating with a trimmed price target of $14.00.
As for dividends, Morgan Stanley is forecasting fully franked dividends per share of 36.2 cents in FY 2022 and 42.2 cents in FY 2023. Based on the current Dicker Data share price of $11.68, this will mean yields of 3.1% and 3.6%, respectively.
Elders Ltd (ASX: ELD)
Another ASX dividend share that has been rated as a buy is Elders. It is a leading agribusiness company offering a range of services to rural and regional customers across the ANZ region.
After going through a very difficult period, the company has bounced back incredibly strongly in the last couple of years. This has seen the company report stellar earnings growth. This includes an 80% increase in first-half EBIT to $132.8 million last month.
The good news is that Goldman Sachs doesn't believe that Elders' growth is over and expects further growth in the near term. In addition, the broker likes the company due to its "strong track record; good industry structure; potential for positive earnings surprise; and an attractive valuation."
Goldman Sachs currently has a buy rating and $21.00 price target on its shares.
In addition, it is forecasting dividends per share of 50 cents in FY 2022 and 53 cents in FY 2023. Based on the current Elders share price of $11.54, this implies attractive yields of 4.3% and 4.6%, respectively.
