Are you searching for ASX dividend shares to buy? If you are, then the two named below could be worth checking out.
Both have been named as buys by analysts and tipped to provide attractive yields. Here's what you need to know about them:
Image source: Getty Images
Dicker Data Ltd (ASX: DDR)
The first ASX dividend share to look at is Dicker Data. It is one of the largest technology hardware, software, cloud, cybersecurity, access control and surveillance distributors in Australia and New Zealand.
It could be a top option for income investors thanks to its long track record of earnings and dividend growth and its positive long-term outlook.
The latter is being underpinned by the digital transformation megatrend, recent acquisitions, and the expansion of its warehouse.
Morgan Stanley remains positive on the company and recently retained its outperform rating and $10.00 price target on its shares.
As for dividends, its analysts are forecasting fully franked dividends per share of 43.8 cents in FY 2022 and 48.8 cents in FY 2023. Based on the latest Dicker Data share price of $8.19, this will mean yields of 5.3% and 6%, respectively.
Telstra Group Ltd (ASX: TLS)
Another ASX dividend share to buy could be telco giant Telstra.
The team at Morgans is positive on the company due to its successful turnaround, positive outlook, and attractive valuation. In respect to the latter, the broker feels Telstra's "high quality long life assets like InfraCo are worth substantially more" than the market is valuing them.
And with management considering divestments, this value could soon be unlocked.
It is partly for this reason that Morgans has an add rating and $4.70 price target on its shares.
As for dividends, the broker is forecasting fully franked dividends per share of 17 cents in both FY 2023 and FY 2024. Based on the current Telstra share price of $4.19, this will mean yields of 4.05%.
