Income investors on the lookout for ASX dividend shares to buy could do a lot worse than the three listed below.
Here's what yields analysts are expecting from these shares in the near term:
Accent Group Ltd (ASX: AX1)
The first ASX dividend share for investors to consider buying is Accent. It is a footwear-focused retailer behind popular brands such as HYPEDC, Platypus, Sneaker Lab, and The Athlete's Foot.
Morgans is positive on the company and has just upgraded its shares to an add rating with a $2.40 price target.
As for dividends, its analysts are forecasting fully franked dividends per share of 13 cents in FY 2024 and then 15 cents in FY 2025. Based on the latest Accent share price of $2.12, this represents dividend yields of 6.1% and 7%, respectively.
Dicker Data Ltd (ASX: DDR)
Another ASX dividend share that could be a buy is Dicker Data. It is a leading technology hardware, software, cloud, and cybersecurity distributor.
The team at Morgan Stanley is a fan of the company and has an outperform rating and $10.00 price target on its shares.
In respect to income, its analysts are expecting the company to pay fully franked dividends per share of 43.8 cents in FY 2023 and 48.8 cents in FY 2024. Based on the latest Dicker Data share price of $8.41, this will mean yields of 5.2% and 5.8%, respectively.
Universal Store Holdings Ltd (ASX: UNI)
A final ASX dividend share that could be a buy for income investors is Universal Store. It is the youth fashion retailer behind the Universal Store, Perfect Stranger, Thrills, and Worship brands.
Morgans is also a fan of Universal Store and last week put an add rating and $4.25 price target on its shares.
In respect to dividends, the broker is expecting fully franked dividends per share of 26 cents in FY 2024 and 29 cents in FY 2025. Based on the current Universal Store share price of $3.75, this will mean yields of 6.9% and 7.7%, respectively.
