Here are 2 ASX dividend stocks to buy in 2022

ASX dividend shares represented by cash in the jeans back pocket

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Are you looking for dividend stocks to buy in 2022? So take a look at those below that have received purchase ratings.

Here’s what you need to know about them:

The first ASX dividend stock to look at is Bapcor. It is Asia and the Pacific’s leading supplier of parts, accessories, equipment, service and vehicle solutions.

Its shares have been sold off in recent weeks due to the ugly exit of its CEO following a board meeting. While this is disappointing for shareholders, it can be a buying opportunity for patient income investors.

Especially in light of Bapcore’s strong market position, store rollout plans, supply chain optimization initiatives and increasing private label penetration. This bodes well for its future growth once it has identified a new leader.

Credit Suisse believes that investors should stick to Bapcor and has recently set an outperform rating and a high price target of $ 9.20 on its shares. The broker also anticipates fully franked dividends per. 23 cents in FY 2022 and 24.6 cents in FY 2023. Based on the current Bapcor stock price of $ 7.03, this will mean returns of 3.3% and 3.5%, respectively.

Another ASX dividend stock to look at is Coles. Over a century after opening its first store in Collingwood, Coles is now one of the two major supermarket operators with over 800 supermarkets. It also operates over 900 liquor retail stores and over 700 Cole’s express stores.

This gives Cole significant defensive qualities that have been on display for all to see in the last few years.

Going forward, management will ensure that it maintains its leading position by further expanding its network and investing massively in automation. The latter will make its operations more efficient and support the growth of its online shopping business.

Citi is positive about Coles’ prospects. It currently has a buy rating and price target of $ 19.60 on its shares. The broker has also written fully franked dividends per. share of 64.5 cents in FY 2022 and 71.5 cents in FY 2023.

Based on the current Coles stock price of $ 17.95, this implies returns of 3.6% and 4%, respectively.

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