Analysts say buy these ASX dividend shares

These dividend shares are in favour with analysts…

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

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

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:

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

Woman holding $50 and $20 notes.
Dividend Investing

The top 3 Australian dividend stocks I'd tell anyone to buy

Not all dividend stocks are created equal. These three stand out for balance sheet strength, resilience, and the potential to…

Read more »

A woman stands in a field and raises her arms to welcome a golden sunset.
Dividend Investing

A monthly income ETF I like more than BHP shares

BHP's dividends are far more volatile than this monthly payer.

Read more »

Excited couple celebrating success while looking at smartphone.
Dividend Investing

BlueScope share price pushes higher amid $438m special dividend

The steel products company is returning funds to shareholders.

Read more »

The hands of three people are cupped around soil holding three small seedling plants that are grouped together in the centre of the shot with the arms of the people extending into the edges of the picture representing ASX growth shares and it being a good time to buy for future gains
Dividend Investing

3 ASX shares that I rate as buys for both growth and dividends

These businesses could provide excellent total returns.

Read more »

Busy freeway and tollway at dusk
Industrials Shares

This high-yield ASX dividend stock is near its 52-week low – is it a buy?

The toll-road operator's high dividend comes with a warning.

Read more »

Woman thinking in a supermarket.
Dividend Investing

I'd buy this ASX dividend stock in any market

This business is a great option for dividends.

Read more »

Two people having a meeting using a laptop and tablet to discuss Seven West Media's balance sheet
Dividend Investing

3 strong ASX dividend shares to buy for your SMSF

Let's take a look at three shares that could be great ideas for SMSF investors.

Read more »

An ASX dividend investor lies back in a deck chair with his hands behind his head on a quiet and beautiful beach with blue sky and water in the background.
Dividend Investing

$20,000 in savings? Here's how that could become $10,000 a year in passive income

Here's how to get that snowball rolling...

Read more »