3 ASX dividend shares with 5%+ yields to buy now

These dividend shares could be in the buy zone according to analysts.

| More on:
Man holding out $50 and $100 notes in his hands, symbolising ex dividend.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you're on the lookout for some new additions to your income portfolio, then read on.

Listed below are three ASX dividend shares that brokers have recently been named as buys.

Here's what sort of dividend yields you can expect from them:

Accent Group Ltd (ASX: AX1)

Bell Potter think that Accent Group would be a top option for income investors. It is the owner of store brands including The Athlete's Foot, Stylerunner, and HYPEDC.

The broker is forecasting fully franked dividends per share of 12 cents in FY 2024 and then 14.1 cents in FY 2025. Based on the current Accents share price of $2.22, this represents dividend yields of 5.4% and 6.4%, respectively.

Its analysts currently have a buy rating and $2.50 price target on its shares.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Another ASX dividend share that could offer an attractive yield is Dalrymple Bay Infrastructure. It is the long-term operator of the Dalrymple Bay Coal Terminal (DBCT).

Citi is positive on the company and believes it is well-positioned to pay dividends per share of 20.6 cents in FY 2023 and 22 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.78, this will mean yields of 7.4% and 7.9%, respectively.

Citi has a buy rating and $3.00 price target on its shares.

QBE Insurance Group Ltd (ASX: QBE)

Over at Goldman Sachs, its analysts believe that insurance giant QBE could be an ASX dividend share to buy. This is due largely to favourable tailwinds and strong premium increases in the insurance market.

Goldman expects this to allow the company to pay a 59 US cents (90.4 Australian cents) per share dividend in FY 2024 and a 61 US cents (93.5 Australian cents) per share dividend in FY 2025. Based on the current QBE share price of $16.64, this equates to yields of 5.4% and 5.6%, respectively.

Goldman has a buy rating and $18.52 price target on the company's shares.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

Buy these ASX 200 dividend shares for a big income boost

Analysts are saying good things about these income options.

Read more »

A woman in hammock with headphones on enjoying life which symbolises passive income.
How to invest

3 ASX 100 and ASX 200 shares I'd buy now for a $1,820 passive income in 2024!

These three ASX dividend shares offer investors market beating passive income.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Technology Shares

WiseTech increases dividend for 15th time in a row. Here's what you need to know

WiseTech's latest dividend continues a remarkable trajectory.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Consumer Staples & Discretionary Shares

Everything you need to know about the Woolworths dividend

Woolworths will pay out its largest interim dividend in three years in 2024.

Read more »

Man with rocket wings which have flames coming out of them.
Earnings Results

4 All Ords ASX dividend shares going gangbusters on results

All Ords investors are sending these ASX dividend shares soaring on the back of their earnings results.

Read more »

Happy dad watching tv with kids, symbolising passive income.
Dividend Investing

How I built $5,000 of passive income starting with $0

My intake of dividends is continuing to grow.

Read more »

A man raises his reading glasses in a look of surprise.
Dividend Investing

1 ASX dividend stock down 55% to buy right now

Analysts think that this beaten down stock could be a bit of a bargain for income investors.

Read more »

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Dividend Investing

Analysts say these ASX dividend shares are top buys

Here are a couple of options for income investors to consider buying right now.

Read more »