The share market is a great place to generate a source of income. That's because there are countless ASX stocks that reward their shareholders with dividends every six months (and sometimes even more frequently).
In addition, as a company grows, often its dividend will grow along with it. This can lead to a growing stream of income without you having to lift a finger.
But which ASX dividend stocks could be top options right now? Brokers say the following high-yield shares are buys:
Accent Group Ltd (ASX: AX1)
The first ASX dividend stock for investors to consider buying is Accent. It is a footwear-focused retailer that owns a growing stable of brands including HYPEDC, Platypus, Sneaker Lab, Stylerunner, and The Athlete's Foot.
Bell Potter is positive on the company and has a buy rating and $2.50 price target on its shares.
In respect to dividends, its analysts are forecasting 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 $1.96, this represents dividend yields of 6.6% and 7.4%, respectively.
Healthco Healthcare and Wellness REIT (ASX: HCW)
Another ASX dividend stock that analysts are positive on is the Healthco Healthcare and Wellness REIT.
It is a real estate investment trust with a focus on hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness properties. These are relatively defensive assets that should be in demand whatever is happening in the economy.
Morgans believes the company is well-placed to pay big dividends in the coming years. It is forecasting dividends per share of 8 cents in FY 2024 and 8.3 cents FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.13, this will mean yields of 7.1% and 7.35%, respectively.
Morgans has an add rating and $1.50 price target on its shares.
Rural Funds Group (ASX: RFF)
A final ASX dividend stock that could be a buy right now is Rural Funds.
It is a real estate investment trust that owns a high-quality portfolio agricultural assets. Among its properties you will find almond and macadamia orchards, vineyards, water entitlements, cattle and cropping assets.
The team at Bell Potter rates Rural Funds as a buy with a $2.40 price target.
As for income, the broker is forecasting an 11.7 cents per share dividend in both FY 2024 and FY 2025. Based on the latest Rural Funds share price of $2.01, this will mean 5.8% yields for investors.
