Looking for dividend shares to buy? Listed below are two ASX dividend shares that experts rate as buys.
Here's why they are bullish on these dividend shares:
Accent Group Ltd (ASX: AX1)
Footwear focused retailer Accent could be an ASX dividend share to buy.
Its shares have been crushed over the last 12 months after the company materially underperformed in FY 2022. While this is disappointing, the team at Morgans sees it as a buying opportunity. Particularly given its belief that the company could return to form this year.
It highlights that management is focused on selling at full price again, which it expects to support a recovery in its gross profit margin. In addition, Morgans was pleased with the company's decision to moderate its store rollout in favour of a more selective expansion strategy focused on return on investment.
Morgans has an add rating with a $2.00 price target. As for dividends, the broker is forecasting fully franked dividends of 9 cents per share in FY 2023 and 11 cents per share in FY 2024. Based on the current Accent share price of $1.51, this will mean yields of 6% and 7.3%, respectively.
Charter Hall Long WALE REIT (ASX: CLW)
The Charter Hall Long Wale REIT could be another ASX dividend share to buy this month. It is a leading property company with a focus on high quality real estate assets.
As its name implies, these properties are leased to corporate and government tenants on long term leases. In fact, at the last count, its weighted average lease expiry (WALE) stood at 12 years.
Citi is a fan of the company and has a buy rating and $4.70 price target on its shares. Its analysts believe Charter Hall Long Wale REIT's shares are great value after recent weakness. This is particularly the case given its "low risk income stream with c. 12 year WALE and 99.9% occupancy."
In respect dividends, the broker is forecasting dividends per share of 28 cents in FY 2023 and 29.2 cents in FY 2024. Based on the current Charter Hall Long Wale REIT share price of $4.33, this will mean yields of 6.5% and 6.7%, respectively.
