Insights

2 ASX dividend shares with attractive yields

Accent Group Ltd (ASX:AX1) and this ASX dividend share could help you beat low interest rates in 2021…
The post 2 ASX dividend shares with attractive yields appeared first on The Motley Fool Australia. –

WAM Capital dividend represented by glass piggy bank with dollar sign made of grass growing inside it

With interest rates at record lows and likely to remain at these levels for some time, it is very difficult for income investors to earn a sufficient income from traditional interest-bearing assets.

The good news is that the Australian share market has come to the rescue with a large number of dividend shares offering attractive yields.

Two ASX dividend shares that are popular with investors are listed below:

Accent Group Ltd (ASX: AX1)

Accent is a leading footwear-focused retailer which owns a number of very popular retail store brands. It also has a thriving online business that has been performing exceptionally well during the pandemic.

A recent trading update reveals that its like for like sales were up 15.7% during the first 20 weeks of FY 2021 (excluding its Auckland and Victorian stores). The company also revealed that its online sales were up 129% over the period.

Accent isn’t resting on its laurels and appears to be wanting to dominate the local market. So much so, it has just launched two new store brands, Australian Stylerunner and Pivot. This is part of its store expansion plan which is aiming to add approximately 80 new stores in FY 2021.

Analysts at Citi are forecasting a 7.5 cents per share dividend from Accent in FY 2021. Based on the current Accent share price, this represents a 3.2% dividend yield.

BWP Trust (ASX: BWP)

The second dividend share to look at today is BWP Trust. It is the owner of 68 Bunnings Warehouse sites across Australia.

Thanks to the strength of the hardware giant’s business, BWP was able to collect its rent largely as normal during the pandemic. Combined with an increase in the fair value of its assets, this led to the company reporting an impressive 24.4% increase in full year profit to $210.6 million in FY 2020.

This positive form meant that BWP was one of the only companies in the real estate sector to grow its dividend in FY 2020. It paid an 18.29 cents per unit distribution to shareholders and advised that a similar distribution is expected this year. Based on the current BWP share price, this represents a 4.1% yield for investors.

These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)

Motley Fool Australia’s Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.

Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

Click Here For Your Free Stock Report

Returns As of 6th October 2020

More reading

Motley Fool contributor James Mickleboro 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.

The post 2 ASX dividend shares with attractive yields appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!