Are you looking for dividend shares to buy? If you are, then you may want to look at the ASX dividend shares listed below that have recently been named as buys by the team at Morgans.
Here's why these ASX dividend shares could be worth considering right now:
GQG Partners Inc (ASX: GQG)
The first ASX dividend share that Morgans rates as a buy is beaten down fund manager GQG Partners.
The broker believes that its shares have fallen to a very attractive level, particularly given its strong relative investment performance. It commented:
GQG's strong relative investment outperformance through the current market weakness should solidify the near-term flows outflow. GQG has diversified earnings (by strategy and clients); solid performance track-record; and ongoing growth prospects. In our view, the current ~10x PE (versus a sector medium-term average of ~16x) is attractive.
Morgans has an add rating and $1.93 price target on the fund manager's shares.
As for dividends, the broker is expecting fully franked dividends per share of 7.5 cents in FY 2022 and 7.4 cents in FY 2023. Based on the current GQG share price of $1.44, this implies yields of 5.2% and 5.1%, respectively.
Telstra Corporation Ltd (ASX: TLS)
Another ASX dividend share that Morgans rates highly is telco giant Telstra. The broker likes the company due to its positive outlook and attractive valuation. It commented:
TLS currently trades on ~7x EV/EBITDA. However some of TLS's high quality long life assets like InfraCo are worth substantially more, in our view. We don't think this is in the price so see it as value generating for TLS shareholders. This, free option, combined with likely reputational damage to its closest peer, following a major cybersecurity incident, means TLS looks well placed for the year ahead.
Morgans has an add rating and $4.60 price target on Telstra's shares.
In respect to dividends, its analysts are expecting fully franked 16.5 cents per share dividends in FY 2023 and FY 2024. Based on the latest Telstra share price of $3.84, this will mean yields of 4.3%.
