If you want to boost your income portfolio in May, then it could be worth checking out the ASX dividend shares listed below that analysts rate as buys.
Here's what they are expecting from these shares:
Accent Group Ltd (ASX: AX1)
The first ASX dividend share for investors to look at buying is Accent. It is a footwear-focused retailer that owns a growing portfolio of brands. This includes HYPEDC, Platypus, Stylerunner, Subtype, and The Athlete's Foot.
Analysts at Bell Potter are bullish on the company and have a buy rating and a $2.50 price target on its shares.
As for income, Bell Potter has pencilled in fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the latest Accent share price of $1.84, this represents dividend yields of 7% and 7.9%, respectively.
Charter Hall Group (ASX: CHC)
Another ASX dividend share that analysts rate as a buy is Charter Hall. It is a property fund manager and developer across the office, retail, industrial and residential sectors.
Citi is positive on the company and has a buy rating and a $13.40 price target on its shares.
In respect to income, the broker is forecasting dividends per share of 45.1 cents in FY 2024 and 47.8 cents in FY 2025. Based on the current Charter Hall share price of $11.77, this will mean yields of 3.8% and 4.1%, respectively.
Deterra Royalties Ltd (ASX: DRR)
Over at Morgan Stanley, its analysts think that Deterra Royalties could be an ASX dividend share to buy.
As its name implies, Deterra Royalties is focused on the management and growth of a portfolio of royalty assets.
Morgan Stanley has an overweight rating and a $5.65 price target on its shares.
As for dividends, the broker is expecting Deterra Royalties to provide investors with some big dividend yields in the near term. It is forecasting fully franked dividends per share of 37 cents in FY 2024 and 34 cents in FY 2025. Based on the current Deterra Royalties share price of $4.87, this will mean yields of 7.6% and 7%, respectively.
Dexus Industria REIT (ASX: DXI)
A final ASX dividend share that has been named as a buy is Dexus Industria. It is a real estate investment trust with a focus on industrial warehouses.
Morgans rates the company highly and has an add rating and a $3.18 price target on its shares.
The broker also expects some attractive dividend yields in the near term. It is forecasting dividends per share of 16.4 cents in FY 2024 and 16.6 cents in FY 2025. Based on the current Dexus Industria share price of $2.88, this will mean dividend yields of 5.7% and 5.75%, respectively.
