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 which owns a collection of popular store brands such as HYPEDC and Platypus.
Bell Potter remains very positive on the company even in the current environment. It recently said:
AX1 remains a key pick with its exposure to a diversified customer demographic in their core brands and overweight position in footwear which we believe would be supported by continuing casual footwear trends in the industry and as sports, fitness & wellness related spending remains a priority.
As for income, the broker is forecasting fully franked dividends per share of 6.5 cents in FY 2023 and then 16.1 cents in FY 2024. Based on the latest Accent share price of $1.63, this represents yields of 4% and 9.9%, respectively.
Bell Potter has a buy rating and a $2.80 price target on its shares.
Aurizon Holdings Ltd (ASX: AZJ)
Another ASX dividend share that could be a buy next week is Aurizon.
It connects miners, primary producers, and industry with international and domestic markets via its vast national rail and road network.
Macquarie is positive on Aurizon and believes it is well-placed to pay attractive dividends in the coming years.
It is forecasting partially franked dividends of 14.8 cents per share in FY 2023 and then 19.8 cents per share in FY 2024. Based on the latest Aurizon share price of $3.90, this will mean yields of 3.8% and 5.1%, respectively.
The broker has an outperform rating and a $4.05 price target on its shares.
