2 of the best ASX dividend shares to buy right now: analysts

Brokers have named these top dividend shares as buys…

If you're looking for dividend shares to buy, then it could be worth listening to what analysts at Morgans are saying about the two listed below.

These dividend shares are on the broker's best ideas list and are forecast to provide attractive dividend yields in the near term.

Here's what you need to know about them:

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QBE Insurance Group Ltd (ASX: QBE)

The first ASX dividend share to consider buying is insurance giant QBE.

Morgans currently has an add rating and $15.05 price target on this insurance giant's shares.

The broker believes that QBE has done relatively well in FY 2022 given the very volatile year for weather. In light of this, it remains positive and believes the company is well-placed to earnings growth.

It highlights that "tailwinds such as rising bond yields, premium rate increases and cost out will drive an improved earnings profile for QBE over the next few years."

In respect to dividends, the broker is expecting a 40 cents per share dividend in FY 2022 and then a 76 cents per share dividend in FY 2023. Based on the latest QBE share price of $13.44, this equates to yields of 3% and 5.7%, respectively.

Wesfarmers Ltd (ASX: WES)

Another ASX dividend share that Morgans has on its best ideas list is Wesfarmers.

Wesfarmers is the conglomerate behind a range of businesses such as Bunnings, Covalent Lithium, Kmart, and Officeworks.

Morgans believes that Wesfarmers' retail businesses are well-placed in the current environment due to their value offering. It points out that "Kmart is well-placed to benefit with the average price of an item at around $6-7."

In respect to dividends, the broker is forecasting fully franked dividends per share of $1.82 in FY 2023 and $1.89 in FY 2023. Based on the current Wesfarmers share price of $49.32, this will mean yields of 3.7% and 3.8%, respectively.

Morgans has an add rating and $55.60 price target on Wesfarmers' shares.

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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Wesfarmers. The Motley Fool Australia has recommended Accent 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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