Insights

2 high yield ASX dividend shares to buy

BHP Group Ltd (ASX:BHP) and this high yield ASX dividend share have been given buy ratings. Here’s what you need to know…
The post 2 high yield ASX dividend shares to buy appeared first on Motley Fool Australia. –

large block letters depicting four percent representing high yield asx dividend shares

If you’re looking for some generous dividends to boost your income next year, then you might want to take a look at the ASX shares listed below.

Here’s why these have been named as dividend shares to buy:

Accent Group Ltd (ASX: AX1)

Accent Group is one of Australia’s leading footwear-focused retailers. It owns a wide range of retail store brands such as HYPE DC, Platypus, and The Athlete’s Foot. It also has a couple of new brands, Australian Stylerunner and Pivot, which have just started to open stores.

Although many retailers have struggled this year because of the pandemic, Accent certainly wasn’t one of them. Thanks to its strong market position, in-demand brands, and its growing online business, in FY 2020 the company posted a 7.5% increase in net profit after tax to $58 million. It also recently revealed like for like sales growth of 15.7% for the first 20 weeks of FY 2021 excluding its Auckland and Victorian stores.

Analysts at Morgan Stanley have an overweight rating on its shares and are forecasting a fully franked 9.4 cents per share dividend in FY 2021. Based on the current Accent share price, this represents a 4.3% dividend yield.

BHP Group Ltd (ASX: BHP)

BHP is one of the globe’s biggest miners and the owner of a collection of world class, low cost assets. Pleasingly, thanks to favourable commodity prices, these operations are generating significant free cash flows at present. And given the company’s track record of returning excess free cash flow to shareholders, this bodes well for dividends in FY 2021.

Late last month analysts at Morgan Stanley retained their overweight rating on its shares. They also revealed that they are forecasting a fully franked ~204 cents per share dividend in FY 2021. Based on the latest BHP share price, this equates to a 5.2% dividend yield.

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. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post 2 high yield ASX dividend shares to buy appeared first on 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!