If you're searching for some dividend shares to buy, then you may want to look at the two listed below.
These dividend shares have been rated as buys by experts and tipped to provide attractive dividend yields.
Here's what you need to know about them:
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Baby Bunting Group Ltd (ASX: BBN)
The first ASX dividend share to look at is Baby Bunting. This baby products retailer could be a dividend share to buy thanks to its dominant position in a less discretionary category.
The team at Citi are very positive on the company and believe it is well-placed to navigate the tough consumer environment. It also believes that recent expansions into new categories are positive and could provide its growth with an extra boost. The broker commented:
We see Baby Bunting well placed to outperform the broader small cap retail sector this year given the non-discretionary nature of its category. […] Further, the stocks growth prospects are in some respects less risky than other high multiple retailers who are relying more on new markets and acquisitions. […] we see growth into toys and babywear categories as a positive for Baby Bunting and provides another strategy for the company to complement its i) rollout, ii) exclusive brands and private label growth, iii) supply chain initiatives.
Citi currently has a buy rating and $6.22 price target on its shares.
As for dividends, Citi is forecasting fully franked dividends per share of 16 cents in FY 2022 and 19 cents in FY 2023. Based on the current Baby Bunting share price of $4.72, this will mean yields of 3.4% and 4%, respectively.
Macquarie Group Ltd (ASX: MQG)
Another ASX dividend share that has been rated as a buy is this investment bank.
Macquarie has been a very strong performer over the last few years thanks to impressive growth from across its business. This led to the bank reporting a 56% increase in net profit after tax to $4.7 billion in FY 2022.
And while it will be hard to top this in FY 2023, the team at Morgans doesn't expect this to stop the investment bank's shares from providing attractive dividend yields.
Morgans is a fan and has an add rating and $215.00 price target on the bank's shares. It commented:
We continue to like MQG's exposure to long-term structural growth areas such as infrastructure and renewables. The company also stands to benefit from recent market volatility through its trading businesses, while the company continues to gain market share in Australian mortgages.
In respect to dividends, its analysts are forecasting a $7.07 per share dividend in FY 2023 and then $7.47 per share dividend in FY 2024. Based on the current Macquarie share price of $175.63, this will mean yields of 4% and 4.25%, respectively.
