2 high yield ASX dividend shares to buy today

Telstra Corporation Ltd (ASX:TLS) and this ASX dividend share offer investors generous yields at present…
The post 2 high yield ASX dividend shares to buy today appeared first on The Motley Fool Australia. –

ASX dividend shares represented by cash in jeans back pocket

On Tuesday the Reserve Bank of Australia kept the cash rate on hold at the record low of 0.1%.

The central bank also appeared to indicate that it expects rates to stay at this level for a few more years. While this is good news for borrowers, it is the opposite for savers and income investors.

But don’t worry, because the Australian share market is home to a number of quality companies that are sharing their profits with shareholders in the form of dividends.

Two ASX dividend shares to consider buying are listed below. Here’s what you need to know about them:

Accent Group Ltd (ASX: AX1)

Accent is a footwear-focused retailer with a collection of popular store brands. It has been growing very strongly over the last few years and during the pandemic.

This has been driven by a combination of new store brand launches, the expansion of its existing footprint, and strong demand in-store and online.

Positively, Accent is on form again in FY 2021. In February the company reported a 6.6% increase in total sales to $541.3 million and a 57.3% lift in net profit after tax to $52.8 million.

According to analysts at Bell Potter, they are confident it will have a strong second half and are forecasting an 11.9 cents per share dividend in FY 2021. Based on the current Accent share price, this will mean a fully franked 5.4% yield.

Bell Potter has a buy rating and $2.65 price target on its shares.

Telstra Corporation Ltd (ASX: TLS)

This telco giant could be a great dividend share to buy to overcome low interest rates. Especially given its improving outlook, which is being underpinned by its T22 strategy and the easing NBN headwind.

In addition to this, the company is looking to unlock value by splitting into three separate businesses and offloading some assets.

Analysts at Goldman Sachs are positive on its future and are forecasting a 16 cents per share annual dividend for the foreseeable future. Based on the current Telstra share price, this will mean a 4.7% fully franked dividend yield.

Goldman Sachs has a buy rating and $4.00 price target on its shares.

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 15th February 2021

More reading

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. 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 high yield ASX dividend shares to buy today 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!