If you're an income investor on the lookout for some new dividend options, then read on!
That's because analysts are tipping the three ASX dividend stocks as buys with attractive dividend yields.
Here's what you need to know:
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Accent Group Ltd (ASX: AX1)
Accent could be an ASX dividend stock to buy according to analysts at Bell Potter.
The broker likes the footwear retailer due to its strong market position and its "growth adjacencies via exclusive partnerships with globally winning brands such as Hoka and growing vertical brand strategy."
Bell Potter has a buy rating and $2.50 price target on its shares.
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 $2.11, this represents dividend yields of 5.6% and 6.5%, respectively.
ANZ Group Holdings Ltd (ASX: ANZ)
Goldman Sachs thinks that this banking giant could be an ASX dividend stock to buy right now.
It continues to prefer ANZ due largely to "the improving profitability of its Institutional business." It also sees "further upside risk to ANZ Group returns from mix shifts in its Institutional division."
Goldman currently has a buy rating and $27.85 price target on its shares.
In respect to income, Goldman is forecasting fully franked dividends per share of $1.62 in both FY 2024 and FY 2025. Based on the current ANZ share price of $27.42, this will mean dividend yields of 5.9%.
Super Retail Group Ltd (ASX: SUL)
A final ASX dividend stock that has been given the thumbs up by analysts is Super Retail.
It is the retail conglomerate behind the BCF, Macpac, Rebel, and Super Cheap Auto brands.
Citi is feeling very positive about the retailer and feels that the market underestimates its earnings potential. The broker has a buy rating and $19.00 price target on its shares.
It also expects some attractive yields from the retailer. It has pencilled in fully franked dividends per share of 82.5 cents in FY 2024 and then 93.5 cents in FY 2025. Based on the latest Super Retail share price of $15.87, this will mean good yields of 5.2% and 5.9%, respectively.
