2 buy-rated ASX dividend shares with growing yields

Here are a couple of dividend shares with great yields…

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

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 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:

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.

More on Dividend Investing

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Dividend Investing

Analysts say these ASX 200 dividend stocks are best buys in April

What are analysts saying about these high quality companies?

Read more »

A man in a business suit whose face isn't shown hands over two australian hundred dollar notes from a pile of notes in his other hand to an outstretched hand of another person.
Dividend Investing

Buy these ASX dividend shares for income

Analysts have put buy ratings on these income stocks.

Read more »

footwear asx share price on watch represented by look holding shoe and looking intently
Consumer Staples & Discretionary Shares

Does this ASX 300 retail stock really have a 7.6% dividend yield right now?

Is a 7.67% dividend yield too good to be true?

Read more »

A man in his office leans back in his chair with his hands behind his head looking out his window at the city, sitting back and relaxed, confident in his ASX share investments for the long term.
Dividend Investing

Brokers say these ASX 300 dividend stocks are top buys

Attractive dividend yields could be on offer with these shares.

Read more »

Happy woman looking for groceries. as she watches the Coles share price and Woolworths share price on her phone
Dividend Investing

Invest $20,000 in this ASX 100 dividend stock for $1,126 in passive income

Here's my take on this 5.6% dividend stock...

Read more »

a woman wearing fashionable clothes and jewellery checks her phone with a satisfied smile on her face in a luxurous home setting.
Dividend Investing

Buy Telstra and these high-yield ASX dividend shares

Analysts think these income options could be top buys right now.

Read more »

Man holding fifty Australian Dollar banknote in his hands, symbolising dividends, symbolising dividends.
Dividend Investing

For a shot at $5,000 a year in passive income, buy 710 shares of this ASX stock

I think every passive income investor should have this ASX dividend stock in their portfolio.

Read more »

Woman calculating dividends on calculator and working on a laptop.
Dividend Investing

3 ASX 300 dividend stocks to buy now for income

Brokers think these dividend stocks are buys right now. What sort of yields are they forecasting?

Read more »