2 quality ASX dividend shares

Beating low interest rates isn’t hard with these ASX shares
The post 2 quality ASX dividend shares appeared first on The Motley Fool Australia. –

Are you looking for some quality ASX dividend shares to add to your income portfolio? 

Then you might want to take a look at the ones listed below. Here’s what you need to know about these dividend shares:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share to look at is Accent Group. It is a retail conglomerate primarily focused on the footwear market.

Accent has been growing its earnings and dividends at a solid rate in recent years thanks to the popularity of its store brands, exclusive offering, and its expanding footprint. 

This positive form has continued in FY 2021, with Accent reporting a 6.6% increase in first half sales to $541.3 million and a 57.3% increase in net profit after tax to $52.8 million. Pleasingly, its impressive form has continued in the third quarter, with Accent recently reporting an acceleration in its sales growth.

Bell Potter is a big fan of the company and has a buy rating and $3.30 price target on its shares. The broker is also expecting dividends of 11.7 cents per share in FY 2021 and a 12.3 cents per share in FY 2022. Based on the current Accent share price of $2.75, this will mean a fully franked yields of 4.25% and 4.3%, respectively.

Sonic Healthcare Limited (ASX: SHL)

Another ASX dividend share to look at is this global healthcare provider. Sonic has specialist operations in laboratory medicine, pathology, diagnostic imaging, radiology, general practice medicine, and corporate medical services.

Demand for its offering has been strong in FY 2021, particularly for COVID-19 testing. This has underpinned very strong earnings growth. And with COVID testing not going anywhere any time soon, even with vaccines rolling out, Sonic looks well-placed to continue its growth in FY 2022.

Credit Suisse is positive on the company. It has an outperform rating and $40.00 price target on its shares. It is also forecasting partially franked dividends of 93 cents per share in FY 2021 and 97 cents per share dividend in FY 2022. Based on the current Sonic Healthcare share price of $34.61, this will mean yields of 2.7% and 2.8%, respectively.

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.

Returns As of 15th February 2021

More reading

Accent (ASX:AX1) share price rises after sticking with Glue
2 ASX dividend shares that could be buys in June 2021

3 ASX shares that keep growing their dividends every year

2 top ASX 200 shares that might be buys today

2 top ASX dividend shares with 4%+ yields

The post 2 quality ASX dividend shares 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!