Pleasingly for income investors, there are plenty of options to choose from on the Australian share market.
But which ASX dividend shares could be buys right now? 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 first ASX dividend share that could be a buy is this footwear-focused retailer. Accent owns a collection of popular store brands including HYPEDC, Platypus, Sneaker Lab, Stylerunner, and The Athlete's Foot.
It has been growing at a solid rate for many years. And while the cost of living is weighing on its performance now, the long term looks very positive. This could mean that recent weakness has created a buying opportunity for investors.
Goldman Sachs remains positive on the company. It 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 $1.53, this represents yields of 9.8%, 5.2%, and 8.5%, respectively.
Goldman has a buy rating and a $2.80 price target on its shares.
ANZ Group Holdings Ltd (ASX: ANZ)
If you don't already have meaningful exposure to the banking sector, then another ASX dividend share that could be a buy is ANZ.
Citi believes it is the best bank to buy in the current environment. This is because it sees ANZ's "unique capabilities as set to deliver relative outperformance in the current market conditions."
The broker is also expecting the banking giant's shares to provide investors with generous dividend yields in the near term.
It is forecasting fully franked dividends of 164 cents per share in FY 2023 and then 166 cents per share in FY 2024. Based on the current ANZ share price of $22.77, this will mean yields of 7.2% and 7.3%, respectively.
Citi has a buy rating and a $26.50 price target on its shares.
