Are you looking for dividend shares to buy for an income boost? If you are, then it could be a good idea to check out the three listed below that have been named as buys.
Here's what analysts are saying about them:
Accent Group Ltd (ASX: AX1)
The ASX first dividend share that could be a buy is Accent. It is a footwear-focused retailer which owns a collection of popular store brands such as HYPEDC, Platypus, and The Athlete's Foot.
Bell Potter remains very positive on the company even in the tough consumer environment. It has a buy rating and a $2.80 price target on its shares.
As for income, the broker is forecasting fully franked dividends per share of 16.1 cents in FY 2023 and then 11.9 cents in FY 2024. Based on the latest Accent share price of $1.70, this represents dividend yields of 9.5% and 7%, respectively.
Aurizon Holdings Ltd (ASX: AZJ)
Another ASX dividend share that could be a buy is Aurizon. It is Australia's largest rail freight operator, connecting miners, primary producers, and industry with international and domestic markets via its extensive national rail and road network.
Macquarie is positive on the company and has an outperform rating and a $4.12 price target on its shares.
As for dividends, the broker expects partially franked dividends of 14.8 cents per share in FY 2023 and then 19.3 cents per share in FY 2024. Based on the latest Aurizon share price of $3.73, this will mean yields of 4% and 5.15%, respectively.
Dexus Industria REIT (ASX: DXI)
A final ASX dividend share that could be a buy is Dexus Industria. It is a real estate investment trust with a focus on high-quality industrial warehouses.
Morgans is a fan of the company and has an add rating and a $3.30 price target on its shares.
In respect to dividends, the broker is forecasting dividends per share of 16.4 cents in FY 2023 and 16.6 cents in FY 2024. Based on the current Dexus Industria share price of $2.76, this will mean dividend yields of 5.9% and 6%, respectively.
