If you are on the lookout for new additions to your portfolio, then it could be worth checking out the ASX dividend stocks in this article.
That's because not only have they been named as buys, but they are tipped to provide investors with dividend yields of approximately 6%.
Here's what analysts are saying about these top shares this month:
Accent Group Ltd (ASX: AX1)
The first ASX dividend stock to buy according to analysts right now is Accent. It is a leading Australian leisure footwear retailer with over 800 stores, 34 brands, and over 35 online platforms.
Bell Potter is positive on the company, highlighting that it "commands a dominant ~30% market share in the $3b Australian footwear retailing market, in addition to a broader opportunity given the expansion into the athleisure market via its own brands."
Another positive is the "strategic investment by Frasers Group (FRAS) in AX1 (~15%) and the recent board appointment." It feels that this is "a step forward to unlocking the sizable store roll-out opportunity of FRAS's core Sports Direct banner in Australia."
For now, the broker is forecasting fully franked dividends per share of 13.7 cents in FY 2025 and then 15.6 cents in FY 2026. Based on its current share price of $2.37, this would mean dividend yields of 5.8% and 6.6%, respectively.
Bell Potter currently has a buy rating and $2.75 price target on Accent's shares.
Inghams Group Ltd (ASX: ING)
Another ASX dividend stock that could be a top option for income investors this month is Inghams. It is the largest integrated poultry producer across Australia and New Zealand.
Analysts at Morgans recently stated that they were "happy to buy" Ingham's shares despite the company posting a softer than expected full year result in FY 2024. The broker appears to believe the market has oversold its shares in 2024, leaving them trading at a very attractive level.
This weakness also means that there's potentially some very generous dividend yields on the way for investors in the near term.
For example, Morgans is forecasting fully franked dividends of 19 cents per share in both FY 2025 and FY 2026. Based on its current share price of $3.15, this implies dividend yields of 6% for both years.
Morgans also sees double-digit upside for investors buying at current levels. The broker has an add rating on Inghams shares with a price target of $3.66.
