2 fantastic ASX dividend shares with attractive yields

Accent Group Ltd (ASX:AX1) and this ASX dividend share could be top options for income investors this month. Here's why…

| More on:
ASX expensive defensive shares man carrying large dollar sign on his back representing high P/E ratio or dividend

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you're planning to add a dividend share or two to your portfolio in the near future, then you may want to check out the ones listed below.

Here's why these ASX dividend shares come highly rated right now:

Accent Group Ltd (ASX: AX1)

Accent is an ASX dividend share that has recently caught the eye. The leading leisure footwear-focused retailer has just released a trading update which revealed that it has been performing very strongly in FY 2021.

After an impressive start to the year, the company followed this up with a very strong holiday period. For the two months to 27 December, the company's total sales were up 12.3% and its like-for-like sales grew 7.4%. This underpinned like-for-like sales growth of 12.3% for the first half.

One broker that was impressed was Citi. In response to the update, it put a buy rating and $2.60 price target on its shares.

The broker is also forecasting an 11 cents per share dividend from Accent in FY 2021. Based on the current Accent share price, this represents a fully franked 4.5% dividend yield.

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

Another ASX dividend share to look at this week is ANZ Bank. Although its shares have rallied strongly over the last few months, analysts at Morgans don't believe it is too late to invest. Especially given the improving outlook for the banks and the generous dividends on offer with its shares.

Morgans recently reiterated its add rating and lifted its price target on the bank's shares to $26.00. Its analysts are forecasting a $1.27 per share dividend in FY 2021, followed by a $1.50 per share dividend in FY 2022.

Based on the latest ANZ share price, this will mean 5.15% and 6.1% dividend yields, respectively, for income investors over the next two years.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Income

⏸️ Income

2 quality ASX dividend shares to buy today

Here's why Coles Group Ltd (ASX:COL) and this ASX dividend share could be quality options for income investors right now...

Read more »

piles of australian one hundred dollar notes
⏸️ Income

Got money to invest for dividends? Here are 2 ASX shares

Do you have some money to invest ASX shares for dividends? One idea could be shoe business Accent Group Ltd…

Read more »

man handing over wad of cash representing ASX retail capital return
⏸️ Income

2 top ASX dividend shares to buy for your income portfolio

BWP Trust (ASX:BWP) and this top ASX dividend share could be great options for your income portfolio. Here's why...

Read more »

a woman
⏸️ Income

2 ASX 200 shares to buy for income

The 2 S&P/ASX 200 Index (ASX:XJO) shares could be worth buying for income, including Premier Investments Limited (ASX:PMV).

Read more »

⏸️ Income

2 ASX dividend shares to buy with yields above 4%

These 2 ASX dividend shares have yields above 4% and could be worth buying for income including Brickworks Limited (ASX:BKW).

Read more »

ASX expensive defensive shares man carrying large dollar sign on his back representing high P/E ratio or dividend
⏸️ Income

2 blue chip ASX dividend shares in the buy zone

Westpac Banking Corp (ASX:WBC) and this blue chip ASX dividend share could be top options for income investors right now...

Read more »

A row a pink piggy banks ranging in size from small to big, indicating ASX share price and dividends growth CBA bank dividend increase
⏸️ Income

Brokers rate these 2 ASX dividend shares as buys

These 2 ASX dividend shares are rated as buys by brokers, including the REIT Growthpoint Properties Australia Ltd (ASX:GOZ).

Read more »

blockletters spelling dividends bank yield
⏸️ Income

2 high yield ASX dividend shares to buy next week

Here's why Telstra Corporation Ltd (ASX:TLS) and this high yield ASX dividend share could be top options for income investors...

Read more »