Insights

2 top ASX shares with generous fully franked dividend yields

These dividend shares offer attractive fully franked dividends…
The post 2 top ASX shares with generous fully franked dividend yields appeared first on The Motley Fool Australia. –

If you’re wanting to add some ASX dividend shares to your portfolio, then the two listed below could be ones to consider.

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 this footwear focused retailer.

Thanks to the popularity of brands such as The Athlete’s Foot, HYPE DC, and Platypus, Accent has been growing at a strong rate in recent years. And while it will be hard to top this in FY 2022 because of lockdowns, its long term outlook remains very positive.

Bell Potter is a fan of the company. It has a buy rating and $2.90 price target on its shares. The broker is also forecasting dividends per share of 9.3 cents in FY 2022 and 13.3 cents in FY 2023.

Based on the latest Accent share price of $2.47, this represents yields of 3.8% and 5.4%, respectively.

Telstra Corporation Ltd (ASX: TLS)

Another dividend share to look at is this telco giant. It could be a top option due to to its improving outlook which is being underpinned by the success of its T22 strategy. Telstra has also just announced its T25 strategy which has a focus on growth.

That strategy will see Telstra aim for sustained growth and value by targeting mid-single digit underlying EBITDA and high-teens underlying earnings per share compound annual growth rates (CAGR) from FY 2021 to FY 2025.

Analysts at Goldman Sachs are positive on the company. They have a buy rating and $4.40 price target on its shares. And pleasingly, after years of cuts, Goldman believes it won’t be long until the Telstra dividend starts to grow again.

The broker is forecasting 16 cents per share dividends for FY 2022 and FY 2023, before an increase to 18 cents per share in FY 2024 and then 19 cents per share dividend in FY 2025. It also believes there’s upside potential in FY 2024.

Based on the current Telstra share price of $3.75, this will mean yields of 4.25% for the next couple of financial years.

The post 2 top ASX shares with generous fully franked dividend yields appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Own Telstra (ASX:TLS) shares? Here’s some not so good news

These 3 ASX 200 shares are topping the volume charts on Tuesday

How Aussie Broadband (ASX:ABB) is just smashing it right now

Should you buy Telstra (ASX:TLS) shares in October for the dividend yield?

Legal risk just increased for the Westpac (ASX:WBC) share price

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation 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.

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!