Are you on the hunt for some ASX dividend shares to buy this week?
If you are, it could pay to hear what Bell Potter is saying about the two listed below.
Bell Potter is bullish on auto listings company CAR Group and sees it as an ASX dividend share to buy.
It believes the company has the potential to grow its earnings in the double-digits thanks to its strong pricing power and operating leverage. It said:
CAR delivered another strong result, with FY26 revenue increasing 10% to $1.25bn and EBITDA rising 9% to $699m despite a softer macro backdrop. We see a sustainable pathway to double-digit EPS growth over the medium term, supported by pricing power, international scale and operating leverage. Given its low PE and strong cashflow generation, the dividend is attractive at around 3% today and growing at 10% CAGR.
The broker expects this to underpin partially franked dividends of 94.5 cents per share in FY 2027 and 106 cents per share in FY 2028. Based on its current share price of $23.12, this would mean dividend yields of 4.1% and 4.6%, respectively.
Bell Potter has a buy rating and $34.60 price target on its shares.
Bell Potter also thinks Lovisa could be an ASX dividend share to buy now.
Although it remains cautious on consumer spending, it thinks the fashion jewellery retailer is better positioned than most to overcome this. It said:
While we remain cautious on the current weak consumer landscape and investments into market share & store refits to mitigate competitive pressures in markets, we see a higher tolerance re accessibility from a low price point perspective together with a strong gross margin. LOV stands out in our coverage as a global retailer scaling its presence from ~50 regions with strong US/UK performance with better efficiencies within the US store network.
Post the market sell-off, we think the current valuation at ~22x FY27e P/E (BPe) which is a ~20% discount to LOV's recent mid-cycle P/E as BPe of 28.5x appears attractive, and we upgrade our recommendation to BUY.
As for income, Bell Potter is forecasting partially franked dividends per share of 98.4 cents in FY 2027 and 115.2 cents in FY 2028. Based on its current share price of $24.52, this equates to dividend yields of 4% and 4.7%, respectively.
Bell Potter has a buy rating and $27.00 price target on its shares.