2 Australian dividend shares to buy under $2

Analysts think that these stocks could be great options for income investors.

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Investors are spoilt for choice when it comes to Australian dividend shares.

But which ones could offer investors bang for their buck right now? Let's take a look at two under $2 that could be top options according to analysts. Here's what you can expect from them:

Accent Group Ltd (ASX: AX1)

The first Australian dividend share for income investors to look at is footwear focused retail Accent.

With over 800 stores, 34 brands, and over 35 online platforms, there's a good chance that you will have bought shoes or sneakers from Accent in the past.

Among its store brands are Platypus, Sneaker Lab, The Athlete's Foot, and Hype DC. It also recently moved into clothing with brands including Nude Lucy, Owwy, First Muse, and Glue Store.

Last month, analysts at Bell Potter retained their buy rating on the company's shares with an improved price target of $2.50.

As for dividends, the broker is forecasting fully franked dividends per share of 13 cents in FY 2024 and 14.6 cents in FY 2025. This equates to dividend yields of 6.5% and 7.3%, respectively.

Centuria Office REIT (ASX: COF)

Another Australian dividend share that has been named as a buy is the Centuria Office REIT.

It offers investors an easy way to invest in commercial property. Centuria Office REIT is Australia's largest pure play office REIT with a geographically diversified portfolio of high quality assets. The portfolio is predominantly exposed to metropolitan and near city office markets that are well connected to transport and lend themselves to affordable rents.

Morgans thinks it would be a good option for income investors. It currently has an add rating and $1.60 price target on its shares.

In respect to income, the broker is forecasting dividends per share of 12 cents in FY 2024 and then 11.4 cents in FY 2025. This equates to yields of 9.1% and 8.7%, respectively.

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 no position in any of the stocks mentioned. 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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