Analysts say buy these ASX dividend shares

These dividend shares are in favour with analysts…

| More on:

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

Are you looking for dividend shares to buy? If you are, then you might want to look at the shares listed below.

Here's why these ASX dividend shares could be worth considering right now:

a man sits on his sofa loong at his phone and raises a fist to the air in happy celebration.

Image source: Getty Images

Accent Group Ltd (ASX: AX1)

The first ASX dividend share to look at is Accent. It is the retailer behind a growing network of footwear focused brands including The Athlete's Foot, Platypus, Stylerunner, and HypeDC to name a few.

Accent could be a good option for income investors due to its track record of growing its earnings and dividends at a consistently solid rate for many years, as well as its very positive long term outlook. The latter is being underpinned by the popularity of its stores, its exclusive licensing agreements, and its expansion opportunities.

Bell Potter is a big fan of Accent. It currently has a buy rating and $3.05 price target on its shares.

As for dividends, the broker is forecasting fully franked dividends per share of 9.1 cents in FY 2022 and then 13.5 cents in FY 2023. Based on the latest Accent share price of $2.32, this represents yields of 3.9% and 5.8%, respectively.

Transurban Group (ASX: TCL)

Another ASX dividend share for income investors to look at is Transurban.

It is one of the world's leading toll road operators which owns a portfolio of key roads in Australia and North America. In addition, the company has a pipeline of development projects that should support its growth over the next decade.

Morgans is positive on Transurban. This is due to its shares providing investors with exposure to trends such as regional population growth, employment growth, and urbanisation. The broker currently has an add rating and $14.79 price target on the company's shares.

In respect to dividends, Morgans expects dividends per share of 39 cents in FY 2022 and then 57 cents in FY 2023. Based on the current Transurban share price of $13.63, this will mean yields of 2.9% and 4.2%, respectively.

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

Australian dollar notes and coins in a till.
Dividend Investing

How many Westpac shares do I need to buy for a $10,000 annual passive income?

Westpac shares have a lengthy track record of paying two fully franked dividends every year.

Read more »

Man with his arms spread wide in a field.
Dividend Investing

Why this ASX REIT is a retiree's dream

Looking for a reliable investment? I’d go for this one…

Read more »

A woman relaxes on a yellow couch with a book and cuppa, and looks pensively away as she contemplates the joy of earning passive income.
Dividend Investing

Want to build a second income? I'd buy these ASX shares today

These businesses look like really appealing buys today.

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Dividend Investing

2 ASX 200 shares with eye-catching dividend yields

These stocks offer good dividend pay-outs along with share upside.

Read more »

Young investor sits at desk looking happy after discovering Westpac's dividend reinvestment plan
Dividend Investing

3 ASX dividend shares I'd buy instead of Westpac

There are plenty of dividend opportunities on the ASX outside this big bank.

Read more »

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

3 top ASX dividend shares with 6%+ yields

Big yields are expected from these buy-rated shares in the near term.

Read more »

A large clear wine glass on the left of the image filled with fifty dollar notes on a timber table with a wine cellar or cabinet with bottles in the background.
Dividend Investing

How many Fortescue shares do I need to buy for $10,000 a year in passive income?

Fortescue shares have a long track record of twice-yearly passive income payments.

Read more »

A woman has a thoughtful look on her face as she studies a fan of Australian 20 dollar bills she is holding on one hand while he rest her other hand on her chin in thought.
Dividend Investing

How much could a $500,000 ASX share portfolio pay in dividends?

A sizeable portfolio combined with reliable dividend shares can produce meaningful income.

Read more »