Listed below are two ASX dividend shares that have been tipped to provide attractive yields for investors in the coming years.
Here's why analysts think these dividend shares are in the buy zone:
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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.
Thanks to the popularity of these brands and its exclusive licensing agreements, Accent has been growing its earnings and dividends at a consistently solid rate for many years. Pleasingly, the company looks well-placed to continue this positive trend over the 2020s. Particularly given 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.
The broker is also 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 $2.38, this represents yields of 3.8% and 5.6%, respectively.
South32 Ltd (ASX: S32)
Another ASX dividend share to look at is this mining giant. It could be a top option for income investors due to its attractive valuation and strong free cash flow generation.
The latter is being underpinned by its exposure to a number of in-demand commodities such as aluminium. Furthermore, South32 has recently announced the addition of copper to its portfolio via a key earnings accretive acquisition in Chile.
All in all, the team at Goldman Sachs believe this will allow South32's shares to provide investors with big fully franked dividend yields in the coming years. In fact, based on the latest South32 share price of $4.01, Goldman expects yields greater than 10% per annum for the next five years.
Goldman has a conviction buy rating and $4.40 price target on its shares.
