A new month is here, so what better time for income investors to look at making some new additions to their portfolio.
But which ASX dividend shares could be buys this month?
Three that have recently been named as buys are listed below. Here's what sort of dividend yields you can expect from them:
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Accent Group Ltd (ASX: AX1)
The first ASX dividend share that could be a buy this month is Accent. It is a footwear retailer that owns a growing collection of popular store brands. These include HYPEDC, Platypus, and The Athlete's Foot.
Bell Potter is tipping the company as a buy with a $2.50 price target.
As for dividends, 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 $1.87, this represents yields of 6.3% and 7.3%, respectively.
National Australia Bank Ltd (ASX: NAB)
Another ASX dividend share that could be a buy this month is big four bank, NAB.
Goldman Sachs is positive on the bank and believes it is well-positioned in the current environment.
This is because its analysts "see volume momentum over the next 12 months as favouring commercial volumes over housing volumes, and believe NAB provides the best exposure to this thematic."
Goldman expects this to underpin the payment of fully franked dividends of $1.66 per share in both FY 2023 and FY 2024. Based on the current NAB share price of $28.05, this implies dividend yields of 5.9%.
Goldman has a buy rating and a $30.73 price target on its shares.
Stockland Corporation Ltd (ASX: SGP)
Finally, this residential and land lease developer and retail, logistics and office real estate property manager could be an ASX dividend share to buy.
That's the view of analysts at Citi, which highlight its "strong medium-term growth outlook and cheap valuation." The broker currently has a buy rating and a $5 price target its shares.
The broker is also forecasting some big dividend yields. It expects dividends per share of 27 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $3.54, this will mean yields of 7.6% in both years.
