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2 ASX dividend shares to buy next week

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The post 2 ASX dividend shares to buy next week appeared first on The Motley Fool Australia. –

If you’re looking for some top ASX dividend shares to add to your income portfolio next week, then you might want to look at the ones listed below.

Here’s what income investors need to know about them:

Accent Group Ltd (ASX: AX1)

Accent is a retail group with a collection of popular footwear-focused store brands. These include stores such as HYPEDC, Platypus, Sneaker Lab, Stylerunner, and The Athlete’s Foot.

But it is unlikely to stop there. Accent is not afraid to test the waters with new ideas and has launched several new brands over the last few years. Positively, this strategy has been working wonders and has helped Accent grow at a consistently solid rate over the last few years.

In addition to this, the company recently bolstered its offering with the acquisition of Glue Store. This opens up Accent to the growing street fashion market, complementing its existing businesses.

Bell Potter is a fan of the company. It currently has a buy rating and $2.90 price target on its shares. The broker is forecasting dividends of 9.3 cents per share in FY 2022 and then 13.3 cents per share in FY 2023.

Based on the latest Accent share price of $2.22, this represents fully franked yields of 4.2% and 6%, respectively.

Transurban Group (ASX: TCL)

Another ASX dividend share to look at this toll road operator. Transurban owns a collection of important roads in Australia and North America such as CityLink in Melbourne and the Cross City Tunnel and Eastern Distributor in Sydney.

Unfortunately, COVID-19 lockdowns have led to a notable decline in traffic on its roads. However, volumes recovered quickly after previous lockdowns and are likely to do so again when restrictions ease. And with the vaccine rollout going well, this time the rebound could stick.

Macquarie remains positive on the company. It recently retained its outperform rating but trimmed its price target slightly to $14.66.

The broker is forecasting dividends of 42.3 cents per share in FY 2022 and then 64.3 cents per share in FY 2023. Based on the current Transurban share price of $14.18, this equates to yields of 3% and 4.5%, respectively, over the next two years.

The post 2 ASX dividend shares to buy next week appeared first on The Motley Fool Australia.

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More reading

Why Accent, Ioneer, Lifestyle Communities, & Vulcan are sinking

Top brokers name 3 ASX shares to buy today

Why Accent, Calix, Pilbara Minerals, & Starpharma shares are racing higher

Which ASX 300 shares are on the move mid-week?

The Transurban (ASX:TCL) share price is up only 1% this year. Is it a buy?

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 Bruce Jackson.

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