Buy these top ASX dividend shares with 5%+ yields

Analysts have put buy ratings on these income shares.

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Australian income investors are a lucky bunch. The local share market has a large amount of ASX dividend shares to choose from right now.

But which ones could be buys for investors this week?

Three that analysts are feeling positive on and are forecasting 5% dividend yields are listed below. Here's what you can expect from them:

Accent Group Ltd (ASX: AX1)

Accent could be a good option for income investors. That's the view of analysts at Bell Potter, which have a buy rating and $2.50 price target on the footwear focused retailer's shares.

In addition, the broker is forecasting fully franked dividends of 13 cents per share in FY 2024 and then 14.6 cents in FY 2025. Based on its share price of $1.98, this equates to a yield of 6.5% and 7.4%, respectively.

Rio Tinto Ltd (ASX: RIO)

Another ASX dividend share that could offer above-average yields is Rio Tinto. It is of course one of the globe's largest miners and the owner of a world-class operations across a number of commodities such as copper and iron ore.

Goldman Sachs is a fan of the miner and currently has a buy rating and $138.30 price target on its shares.

As for income, the broker is expecting fully franked dividends per share of US$4.39 (A$6.68) in FY 2024 and then US$4.61 (A$7.02) in FY 2025. Based on the latest Rio Tinto share price of $121.14, this will mean yields of approximately 5.5% and 5.8%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Finally, Citi thinks that this residential and land lease developer and retail, logistics and office real estate property manager could be an ASX dividend share to buy right now.

The broker currently has a buy rating and $5.00 price target on its shares.

In respect to dividends, the broker expects a 26.2 cents per share dividend in FY 2024 and a 26.6 cents per share dividend FY 2025. Based on its current share price of $4.79, this represents 5.45% and 5.55% dividend yields.

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.

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