3 ASX dividend shares to buy with 6%+ yields

Analysts think these stocks are top options for income investors and expect yields of 6%+.

| More on:
Man holding fifty Australian Dollar banknote in his hands, symbolising dividends, symbolising dividends.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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:

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.

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 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.

More on Dividend Investing

Woman with $50 notes in her hand thinking, symbolising dividends.

Does the VanEck Wide Moat ETF really have an 8% dividend yield?

Is an 8% dividend yield too good to be true?

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

5 ASX dividend shares to buy next week

Brokers have put buy ratings on these stocks. Here's what they are forecasting.

Read more »

A woman in a bright yellow jumper looks happily at her yellow piggy bank representing bank dividends and in particular the CBA dividend
Dividend Investing

Forget CBA and buy these ASX dividend stocks

Let's see why analysts think these shares could be buys for income investors.

Read more »

A happy older couple relax in a hammock together as they think about enjoying life with a passive income stream.
Dividend Investing

2 bargain Australian shares with dividend yields higher than 6%

Looking for a bargain but can't give up on dividend payments?

Read more »

Smiling couple looking at a phone at a bargain opportunity.
Dividend Investing

Buy BHP and these ASX dividend shares

Here's why the mining giant and these shares have been named as buys by brokers.

Read more »

Smiling woman with her head and arm on a desk holding $100 notes out, symbolising dividends.
Dividend Investing

Analysts say these ASX dividend stocks with ~7% yields are top buys

Big dividend yields could be coming for owners of these shares.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Dividend Investing

3 strong ASX dividend stocks for income investors to buy

Analysts have good things to say about these dividend stocks.

Read more »

Happy man holding Australian dollar notes, representing dividends.
Dividend Investing

Australian dividend machines: 3 ASX shares that generate reliable passive income

Analysts think these income stocks are in the buy zone.

Read more »