Pleasingly for income investors, there are plenty of options to choose from on the Australian share market.
But which ASX dividend stocks 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 The Athlete's Foot and HYPEDC.
Bell Potter is very positive on the company even in the current environment. It highlights the company's "attractive" valuation and describes it as a "true omni-channel retailer" and a "key pick in our retail sector coverage."
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.
Bell Potter has a buy rating and a $2.50 price target on its shares.
Centuria Industrial Reit (ASX: CIP)
Another ASX dividend share that could be a buy is Centuria Industrial.
It is Australia's largest domestic pure-play industrial REIT and the owner of a portfolio of high-quality industrial assets. Centuria Industrial's properties are situated in urban infill locations throughout Australia, where demand remains very strong.
The team at Macquarie is positive on the company and is expecting Centuria Industrial to pay dividends per share of 16 cents in FY 2024 and 16.5 cents in FY 2025. Based on the current Centuria Industrial share price of $2.95, this represents yields of 5.4% and 5.6%, respectively.
Macquarie has a buy rating and a $3.41 price target on its shares.
