Why analysts love these ASX dividend shares with 6%+ yields

Here's how big their dividend yields could be in 2025 and 2026.

| More on:

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're looking for a source of income, then it could be worth checking out the ASX dividend shares listed below.

That's because analysts are bullish on these names and expect them to provide very attractive yields in the near term. Here's what you need to know about these income options:

A businessman hugs his computer and smiles.

Image source: Getty Images

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that could be a buy is footwear-focused retailer Accent.

The team at Bell Potter is positive on the company. The broker has previously highlighted that it likes Accent due to "continuing casual footwear trends and as sports, fitness & wellness related spending remains a priority."

Another positive is that its analysts are expecting some very attractive dividend yields in the near term. It is forecasting fully franked dividends per share of 13.7 cents in FY 2025 and then 15.6 cents in FY 2026. Based on the latest Accent share price of $2.30, this represents dividend yields of 6% and 6.8%, respectively.

Bell Potter currently has a buy rating and $2.75 price target on its shares.

Dexus Convenience Retail REIT (ASX: DXC)

Another ASX dividend share that analysts at Bell Potter are tipped as a buy is Dexus Convenience Retail REIT.

It is a convenience retail and service station property fund. Bell Potter highlights that "DXC offers a yield c.7% based on FY25 DPS guidance. While we do see asset values declining (BPe 10bp cap rate expansion), trading at a 20% discount to NTA and 10% discount to BPe NAV looks too punitive to us for a defensive sub-sector."

As for those dividends, the broker is forecasting dividends per share of 20.6 cents in FY 2025 and 21 cents in FY 2026. Based on its current share price of $2.79, this equates to yields of 7.4% and 7.5%, respectively.

Bell Potter has a buy rating and $3.30 price target on its shares.

HomeCo Daily Needs REIT (ASX: HDN)

Lastly, analysts at Morgans think that HomeCo Daily Needs could be an ASX dividend share to buy.

It is a property company with a focus on neighbourhood retail, large format retail, and health and services. HomeCo Daily Needs has a quality tenant base with over 80% either ASX-listed and/or national retailers.

Morgans believes the company is in a position to provide big dividend yields in the coming years. It is forecasting dividends per share of 8.5 cents in FY 2025 and then 8.7 cents in FY 2026. Based on the current HomeCo Daily Needs share price of $1.15, this will mean yields of 7.4% and 7.6%, respectively.

The broker currently has an add rating and $1.36 price target on its shares.

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 and HomeCo Daily Needs REIT. 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

Excited couple celebrating success while looking at smartphone.
Dividend Investing

3 ASX income stocks trading at attractive prices

Analysts tip an upside ahead for each of these ASX shares.

Read more »

A woman sits on a step laughing at something on her mobile phone as it is being charged by a lithium-powered battery.
Dividend Investing

5 reasons why I'd buy Telstra shares for passive income

Looking for reliable passive income? Here’s why Telstra stands out to me right now.

Read more »

Close-up of a business man's hand stacking gold coins into piles on a desktop.
Dividend Investing

Should I put 100% of my money into this ASX dividend stock for passive income?

Should passive income investors go all in on Dicker Data shares?

Read more »

Man holding fifty Australian Dollar banknotes in his hands, symbolising dividends.
Dividend Investing

Own A200 or other Betashares ASX ETFs? Dividends just announced

Show us the money!

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

Own ASX VAS or other Vanguard ETFs? Dividends just announced

Vanguard has just announced estimated dividends for a slew of its ASX ETFs.

Read more »

Different Australian dollar notes in the palm of two hands, symbolising dividends.
Dividend Investing

An ASX dividend stalwart every Australian should consider buying

This business has a great track dividend record. I think it’s a strong buy…

Read more »

A smiling businessman in the city looks at his phone and punches the air in celebration of good news.
Dividend Investing

Why Woolworths and these ASX dividend shares could be buys in April

Income investors might want to check out these shares for next month.

Read more »

Businessman studying a high technology holographic stock market chart.
Dividend Investing

3 reliable ASX dividend shares for set-and-forget investing

Build a solid portfolio with these steady ASX dividend shares.

Read more »