If you're looking for dividends shares to buy right now, then you may want to check out the two listed below.
Here's what you need to know about these buy-rated ASX dividend shares:
HomeCo Daily Needs REIT (ASX: HDN)
The first ASX dividend share that has been rated as a buy is HomeCo Daily Needs REIT.
It is a property company with a focus on neighbourhood retail, health and services, and large format retail. The latter include retail parks that were owned by Aventus before the two companies merged.
Goldman Sachs is a fan of HomeCo Daily Needs and earlier this week reiterated its buy rating with a $1.57 price target. Its analysts believe the company is well positioned to benefit from the shift to omni channel retailing. The broker explained:
We believe HDN will continue to be a beneficiary of this evolving trend and its assets are well positioned as many operators remain attracted to the expansion in its omni-channel and in-store fulfilment options.
As for dividends, the broker is forecasting dividends per share of 8.3 cents in FY 2023 and 8.4 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.17, this will mean dividend yields of 7.1% and 7.2%, respectively.
Jumbo Interactive Ltd (ASX: JIN)
Another ASX dividend share that could be in the buy zone is Jumbo Interactive.
It is the company behind the OzLotteries website/app and the Powered by Jumbo software-as-a-service (SaaS) platform.
Analysts at Morgans are positive on the company and have put an add rating and $17.50 price target on the company's shares. The broker believes Jumbo is well-placed for growth in the coming years. It said:
We believe JIN offers excellent strategic growth opportunities, both in Australia and overseas, supported by a steadily expanding domestic market for digital lottery retailing. The business is cash generative and has a low requirement for ongoing capex. Lottery sales are resilient to economic cyclicality. They do not represent a large proportion of the personal budgets, hovering around 0.5% of household discretionary income in Australia.
As for dividends, the broker is forecasting fully franked dividends per share of 47 cents in FY 2023 and 57 cents in FY 2024. Based on the latest Jumbo share price of $12.40, this will mean yields of 3.8% and 4.6%, respectively.
