Are you looking for ASX dividend shares with attractive yields? Then look no further!
Two that have been rated as buys and tipped to provide investors with big dividend yields by Goldman Sachs are listed below. Here's why the broker is bullish on them:
BHP Group Ltd (ASX: BHP)
The first ASX dividend share for income investors to consider buying next week is BHP.
Goldman Sachs is expecting this mining giant's shares to provide investors with some very generous dividend yields in the near future.
It is forecasting fully franked dividends of US$2.05 (A$3.15) per share in FY 2023 and US$1.63 (A$2.50) per share in FY 2024. Based on the current BHP share price of $42.75, this will mean dividend yields of 7.35% and 5.85%, respectively.
Another positive is that Goldman currently has a buy rating and $49.90 price target on its shares. This implies potential upside of almost 17% for investors.
Super Retail Group Ltd (ASX: SUL)
Another ASX dividend share that Goldman Sachs believes is a buy is Super Retail.
It is the retail group behind popular brands such as Macpac, Rebel, and Super Cheap Auto.
Goldman believes Super Retail's shares are great value at the current level, especially given the resilience of its businesses and impressive loyalty program (which is about to get even stronger). The broker believes the latter will be a big competitive advantage for the company. It said:
We believe that the company's positive trading update continues to display resilience that is built upon its competitive advantage of high loyalty (~10m active members accounting for >70% of sales) and this will be further bolstered in 2H23 as the company launches the Rebel loyalty program and continues to build personalisation capabilities.
Goldman is forecasting fully franked dividends per share of 74.1 cents in FY 2023 and then 62.6 cents in FY 2024. Based on the current Super Retail share price of $11.81, this will mean yields of 6.3% and 5.3%, respectively.
As with BHP, the broker also sees plenty of upside for its shares. It has a buy rating and $14.90 price target on them.
