If you want to boost your income portfolio this week, then it could be worth checking out the ASX dividend shares listed below that analysts rate as buys.
Here's what they are saying about them:
Accent Group Ltd (ASX: AX1)
The first ASX dividend share to consider buying is footwear-focused retailer Accent.
Bell Potter is positive on the company and has a buy rating and a $2.80 price target on its shares. It believes the company is well-placed in the current environment thanks to "continuing casual footwear trends and as sports, fitness & wellness related spending remains a priority."
The broker also expects some big dividend yields in the near term. It is forecasting fully franked dividends per share of 12 cents in FY 2024 and then 14.1 cents in FY 2025. Based on the latest Accent share price of $1.95, this represents dividend yields of 6.15% and 7.2%, respectively.
Aurizon Holdings Ltd (ASX: AZJ)
Another ASX dividend share that has been tipped as a buy is Australia's largest rail freight operator Aurizon.
The team at Macquarie is positive on the company and has an outperform rating and a $4.04 price target on its shares.
In respect to dividends, Macquarie 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 $3.53, this will mean yields of 5.2% and 7.1%, respectively.
Universal Store Holdings Ltd (ASX: UNI)
A third ASX dividend share that analysts rate highly is youth fashion retailer Universal Store.
Morgans is a big fan of the company and believes its "attractive array of medium-term growth prospects is undervalued at a single digit FY25 P/E." The broker has an add rating and a $4.25 price target on its shares.
As for dividends, the broker is forecasting 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 $3.48, this will mean yields of 7.5% and 8.3%, respectively.
