2 buy-rated ASX dividend shares with growing yields

Here are a couple of dividend shares with great yields…

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If you're wanting to add some ASX dividend shares to your portfolio, then the two listed below could be ones to consider.

Here's why analysts are positive on these dividend shares:

A man with a yellow background makes an annoncement, indicating share price changes on the ASX

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Accent Group Ltd (ASX: AX1)

The first ASX dividend share to look at is this footwear focused retail group. It is the name behind a number of popular store brands such as The Athlete's Foot, HYPE DC, and Platypus. The company also has exclusive distribution of several brands in the Australian market, including Reebok.

Although FY 2022 will be a difficult year because of lockdowns, the company has been tipped to resume its solid growth next year. For example, the team at Bell Potter is forecasting earnings per share of 10.5 cents in FY 2022 and then 16.8 cents in FY 2023 and 19.4 cents in FY 2024.

In light of this, the broker believes it is well worth sticking with Accent and recently reiterated its buy rating and put a $3.05 price target on its shares.

As for dividends, its analysts are forecasting dividends per share of 10.5 cents in FY 2022 and 16.8 cents in FY 2023. Based on the latest Accent share price of $2.43, this represents yields of 4.3% and 6.9%, respectively.

Centuria Industrial REIT (ASX: CIP)

Another dividend share for income investors to look at is Centuria Industrial. It is an industrial focused property company with a portfolio of quality assets situated in key metropolitan locations throughout Australia.

Centuria Industrial notes that its portfolio is underpinned by strong tenant base with approximately 62% of portfolio income derived from occupants directly linked to the production, packaging and distribution of consumer staples, telecommunications and pharmaceuticals.

Macquarie is a fan of the company. It currently has an outperform rating and $4.16 price target on Centuria Industrial's shares.

The broker is also forecasting a 17.3 cents per share distribution in FY 2022 and an 18.7 cents per share distribution in FY 2023. Based on the current Centuria Industrial share price of $3.67, this will mean yields of 4.7% and 5.1%.

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 recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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