If you are hunting for some generous dividend yields, then you may want to check out the three ASX dividend shares listed below.
That's because analysts have named them as buys and are tipping them to provide income investors with above-average yields in the near term. Here's what you can expect from them:
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Accent Group Ltd (ASX: AX1)
Accent Group could be an ASX dividend share to buy. It is a market-leading leisure footwear retailer with a huge network of stores across countless brands. This includes HypeDC, Stylerunner, Platypus, and The Athlete's Foot.
Bell Potter thinks income investors should be buying its shares. The broker has a buy rating and $2.50 price target on them. It believes Accent Group is well-positioned thanks to its "growth adjacencies via exclusive partnerships with globally winning brands such as Hoka and growing vertical brand strategy."
Its analysts expect this to underpin 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 $1.98, this represents dividend yields of 6.55% and 7.4%, respectively.
Inghams Group Ltd (ASX: ING)
Over at Morgans, its analysts think that Inghams could be an ASX dividend share to buy right now. It is Australia's leading poultry producer and supplier.
The broker likes Ingham due to its market leadership position, favourable consumer eating trends, and valuation. In respect to the latter, its analysts have described Ingham's shares as "undervalued" at current levels. The broker has an add rating and $4.40 price target on them.
As for income, Morgans is forecasting fully franked dividends of 22 cents per share in FY 2024 and then 23 cents per share in FY 2025. Based on the current Inghams share price of $3.49, this equates to dividend yields of 6.3% and 6.6%, respectively.
Stockland Corporation Ltd (ASX: SGP)
A third ASX dividend share that could be a buy for income investors is Stockland. It is a leading residential developer.
Citi is a fan of the company and believes a recently announced land lease partnership with Invesco could support better returns on capital. In light of this, it has put a buy rating and $5.20 price target on its shares.
In respect to dividends, Citi is expecting Stockland to be in a position to pay dividends per share of 26.2 cents in FY 2024 and then 26.6 cents in FY 2025. Based on the current Stockland share price of $4.40, this will mean yields of ~6%, respectively.
