The good news for income investors is that there are plenty of options on the Australian share market.
But which ASX dividend shares could be buys? Two that have recently been named as buys are listed below. Here's what you need to know about them:
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Accent Group Ltd (ASX: AX1)
The ASX first dividend share to look at is Accent. It is a footwear-focused retail giant which owns a collection of popular store brands including HYPEDC, Platypus, Sneaker Lab, Stylerunner, and The Athlete's Foot.
The popularity of these brands and their growing footprints have underpinned strong sales, profit, and dividend growth over the last few years. And while the cost of living crisis is weighing on its performance slightly this year, the long term looks very positive.
It is for this reason that the team at Goldman Sachs has just reiterated its buy rating and $2.80 price target on its shares. Goldman likes the company due to its "defensive category mix" and "upside to margin from vertical and distributed brands."
As for income, the broker is forecasting fully franked dividends per share of 15 cents in FY 2023, 8 cents in FY 2024, and then 13 cents in FY 2025. Based on the latest Accent share price of $1.79, this represents yields of 8.4%, 4.5%, and 7.3%, respectively.
DEXUS Property Group (ASX: DXS)
Another ASX dividend share to look at is DEXUS. It has a focus on owning, managing, and developing office, industrial and retail properties.
This includes a logistics facility leased to Australia Post, a majority stake in Jandakot airport, Atlassian Central in Haymarket, and the Rialto Towers in Melbourne.
Analysts at Macquarie are positive on the company. They currently have an outperform rating and $9.66 price target on the company's shares.
As for dividends, Macquarie is forecasting dividends per share of approximately 51 cents in FY 2023 and 52 cents in FY 2024. Based on the current Dexus share price of $8.10, this will mean yields of 6.3% and 6.4%, respectively.
