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Analysts say buy these ASX dividend shares

These dividend shares are in favour with analysts…
The post Analysts say buy these ASX dividend shares appeared first on The Motley Fool Australia. –

Are you looking for dividend shares to buy? If you are, then you might want to look at the shares listed below.

Here’s why these ASX dividend shares could be worth considering right now:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share to look at is Accent. It is the retailer behind a growing network of footwear focused brands including The Athlete’s Foot, Platypus, Stylerunner, and HypeDC to name a few.

Accent could be a good option for income investors due to its track record of growing its earnings and dividends at a consistently solid rate for many years, as well as its very positive long term outlook. The latter is being underpinned by the popularity of its stores, its exclusive licensing agreements, and its expansion opportunities.

Bell Potter is a big fan of Accent. It currently has a buy rating and $3.05 price target on its shares.

As for dividends, the broker is forecasting fully franked dividends per share of 9.1 cents in FY 2022 and then 13.5 cents in FY 2023. Based on the latest Accent share price of $2.32, this represents yields of 3.9% and 5.8%, respectively.

Transurban Group (ASX: TCL)

Another ASX dividend share for income investors to look at is Transurban.

It is one of the world’s leading toll road operators which owns a portfolio of key roads in Australia and North America. In addition, the company has a pipeline of development projects that should support its growth over the next decade.

Morgans is positive on Transurban. This is due to its shares providing investors with exposure to trends such as regional population growth, employment growth, and urbanisation. The broker currently has an add rating and $14.79 price target on the company’s shares.

In respect to dividends, Morgans expects dividends per share of 39 cents in FY 2022 and then 57 cents in FY 2023. Based on the current Transurban share price of $13.63, this will mean yields of 2.9% and 4.2%, respectively.

The post Analysts say buy these ASX dividend shares appeared first on The Motley Fool Australia.

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More reading

Bell Potter names the best ASX retail shares to buy in 2022

Brokers name 3 ASX shares to buy today

Transurban (ASX:TCL) share price edges higher despite $1.7 billion West Gate Tunnel blowout

Two inflation resilient ASX 200 shares revealed: fund manager

Analysts name 2 ASX dividend shares to buy now

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 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.

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