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.

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

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.

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!