2 ASX dividend shares to buy right now: Goldman Sachs

Goldman Sachs says these dividend shares are buys…

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Are you looking for 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 at Goldman Sachs and tipped to provide attractive yields. Here's what you need to know about them:

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Healthco Healthcare and Wellness REIT (ASX: HCW)

The first ASX dividend share that Goldman Sachs has tipped as a buy is the Healthco Healthcare and Wellness REIT.

It is a health and wellness focused real estate investment trust that invests in hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness properties.

Goldman currently has a conviction buy rating and $2.14 price target on its shares. It likes Healthco Healthcare and Wellness due to its strong balance sheet and its exposure to government-backed sub-sectors. All in all, the broker believes this makes it one of the "top picks in the sector."

Its analysts also expect some attractive yields from its shares in the near term. The broker has pencilled in dividends per share of 7.5 cents in both FY 2023 and FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.70, this will mean yields of 4.4% for investors.

Universal Store Holdings Ltd (ASX: UNI)

Another ASX dividend share that Goldman Sachs rates highly is Universal Store.

It is a growing retailer focused predominately on the youth apparel industry through its Universal Store and Thrills brands.

Like many retail shares, Universal Store's shares haven fallen heavily this year due to concerns over consumer spending amid the cost of living crisis.

Goldman Sachs believes this could have created a buying opportunity and recently put a buy rating and $7.30 price target on its shares. Its analysts believe that Universal Store's target demographic will be less impacted by rising interest rates. In addition, they stand to benefit from an increase in the minimum wage.

Goldman is expecting this to lead to the company paying fully franked dividends of 26.1 cents in FY 2023 and 29.9 cents in FY 2024. Based on the latest Universal Store share price of $5.19, this equates to yields of 5% and 5.8%, respectively.

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 no position in any of the stocks mentioned. 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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