Fortunately for income investors, there are plenty of options on the Australian share market.
But which ASX dividend shares could be buys? Three that have recently been named as buys by brokers are listed below. Here's what you need to know about them:
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 is very positive on the company and has a buy rating and a $2.50 price target on its shares.
As for income, the broker is forecasting fully franked dividends per share of 11.8 cents in FY 2024 and then 13.7 cents in FY 2025. Based on the latest Accent share price of $1.95, this represents yields of 6% and 7%, respectively.
Aurizon Holdings Ltd (ASX: AZJ)
Another ASX dividend share that could be a buy is Aurizon. It connects miners, primary producers, and industry with international and domestic markets via its vast national rail and road network.
Macquarie is a fan of Aurizon and has an outperform rating and a $4.04 price target on its shares.
In respect to dividends, the broker is forecasting partially franked dividends of 18.4 cents per share in FY 2024 and then 25.1 cents per share in FY 2025. Based on the latest Aurizon share price of $3.72, this will mean yields of 5% and 6.7%, respectively.
Stockland Corporation Ltd (ASX: SGP)
Finally, Stockland could be an ASX dividend share to buy. It is a residential and land lease developer and retail, logistics and office real estate property manager.
Citi is positive on Stockland. It has a buy rating and a $4.60 price target on the company's shares.
As for dividends, the broker is forecasting some generous dividend yields. It expects dividends per share of 27 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $4.24, this will mean yields of 6.35% in both financial years.
