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2 fantastic ASX dividend shares with attractive yields

Accent Group Ltd (ASX:AX1) and this ASX dividend share could be top options for income investors this month. Here’s why…
The post 2 fantastic ASX dividend shares with attractive yields appeared first on The Motley Fool Australia. –

man carrying large dollar sign on his back representing high P/E ratio or dividend

If you’re planning to add a dividend share or two to your portfolio in the near future, then you may want to check out the ones listed below.

Here’s why these ASX dividend shares come highly rated right now:

Accent Group Ltd (ASX: AX1)

Accent is an ASX dividend share that has recently caught the eye. The leading leisure footwear-focused retailer has just released a trading update which revealed that it has been performing very strongly in FY 2021.

After an impressive start to the year, the company followed this up with a very strong holiday period. For the two months to 27 December, the company’s total sales were up 12.3% and its like-for-like sales grew 7.4%. This underpinned like-for-like sales growth of 12.3% for the first half.

One broker that was impressed was Citi. In response to the update, it put a buy rating and $2.60 price target on its shares.

The broker is also forecasting an 11 cents per share dividend from Accent in FY 2021. Based on the current Accent share price, this represents a fully franked 4.5% dividend yield.

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

Another ASX dividend share to look at this week is ANZ Bank. Although its shares have rallied strongly over the last few months, analysts at Morgans don’t believe it is too late to invest. Especially given the improving outlook for the banks and the generous dividends on offer with its shares.

Morgans recently reiterated its add rating and lifted its price target on the bank’s shares to $26.00. Its analysts are forecasting a $1.27 per share dividend in FY 2021, followed by a $1.50 per share dividend in FY 2022.

Based on the latest ANZ share price, this will mean 5.15% and 6.1% dividend yields, respectively, for income investors over the next two years.

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

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