While interest rates are rising, investors can still beat the returns on offer with savings accounts easily with ASX dividend shares.
But which shares should you buy for dividends? Two that have recently been rated as buys for investors are listed below. Here's what you need to know about them:
Elders Ltd (ASX: ELD)
This agribusiness company could be an ASX dividend share to buy according to analysts at Goldman Sachs.
With its shares down materially from their highs, the broker believes investors should be snapping them up before it's too late. Particularly given that Goldman feels "the fundamentals of this company remain unchanged." The broker also notes that "ELD is very well positioned to grow through the cycle."
Its analysts have a conviction buy rating and $18.40 price target on Elders' shares.
As for dividends, Goldman is forecasting fully franked dividends per share of 53 cents in FY 2023 and 57 cents in FY 2024. Based on the current Elders share price of $9.07, this will mean yields of 5.8% and 6.3%, respectively.
Mineral Resources Ltd (ASX: MIN)
Another ASX dividend share for income investors to consider buying is Mineral Resources.
Bell Potters appears to believe it could be a top option for investors right now. That's because the broker expects the mining and mining services company's lithium exposure to support strong earnings and big dividends in the coming years.
Its analysts currently have a buy rating and $110.00 price target on its shares.
In respect to its dividends, Bell Potter is expecting fully franked dividends of $3.73 per share in FY 2023 and $9.41 per share in FY 2024. Based on the current Mineral Resources share price of $88.70, this will mean 4.2% and 10.6% dividend yields, respectively.
