These ASX dividend shares have been tipped as buys by analysts

Income investors might want to check out these dividend shares…

If you are looking to boost your income with some dividend shares, then two listed below could be worth a closer look.

Both of these dividend shares have been named as buys and tipped to provide attractive yields for income investors. Here's what you need to know about them:

excited young female in business attire and wearing glasses is holding up $100 notes in both hands.

Image source: Getty Images

Harvey Norman Holdings Limited (ASX: HVN)

The first ASX dividend share that could be in the buy zone is fellow retailer Harvey Norman.

Analysts at Goldman Sachs are positive on the company and have named it as a buy with a $4.80 price target.

The broker continues to believe that Harvey Norman is well-placed to defend its strong market position from online disruption thanks to its favourable customer demographics.

It expects this to support stronger than consensus earnings in FY 2023, which it feels means that Harvey Norman's shares are trading at an "attractive valuation."

As for dividends, Goldman is forecasting fully franked dividends per share of 38 cents in FY 2023 and 32 cents in FY 2024. Based on the current Harvey Norman share price of $4.38, this will mean yields of 8.7% and 7.3%, respectively.

Macquarie Group Ltd (ASX: MQG)

Another ASX dividend share that could be in the buy zone is investment bank Macquarie.

The team at Morgan Stanley is positive on Macquarie and has an overweight rating and $215.00 price target on the company's shares.

The broker likes Macquarie due to its commodities exposure. Macquarie expects the company to benefit from volatility in commodities markets and believes it will be supportive of its earnings and dividends

Speaking of which, the broker is expecting partially franked dividends of $5.60 per share in FY 2023 and $6.05 per share in FY 2024. Based on the current Macquarie share price of $179.28, this will mean yields of 3.1% and 3.4%, 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 positions in and has recommended Harvey Norman. The Motley Fool Australia has positions in and has recommended Harvey Norman. The Motley Fool Australia has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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