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Here are 2 ASX dividend shares analysts rate as buys

These quality dividend shares have been named as buys…
The post Here are 2 ASX dividend shares analysts rate as buys appeared first on The Motley Fool Australia. –

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

Then you might want to 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. It is a retail group with a growing collection of popular footwear-focused store brands.

Among its portfolio are the likes of 4 Workers, Glue Store, HYPEDC, Platypus, Sneaker Lab, Stylerunner, and The Athlete’s Foot. In addition to this, the company has the rights to a number of popular brands in the Australian market.

Accent has been growing at a solid rate for years and has been tipped to continue doing so in the future by Bell Potter. This is thanks to the popularity of its brands and its store expansion plans.

Bell Potter expects this to lead to dividends of 11.7 cents per share in FY 2021 and then 12.3 cents per share in FY 2022. Based on the latest Accent share price of $2.69, this represents fully franked yields of 4.3% and 4.6%, respectively.

The broker has a buy rating and $3.30 price target on its shares.

National Australia Bank Ltd (ASX: NAB)

This banking giant could be a top option for income investors that don’t already have exposure to the sector. This is due to the Australian economy’s strong recovery, the thriving housing market, cost reductions, and its improving outlook.

One broker that is very positive on the bank is Macquarie. A recent note reveals that its analysts have upgraded this banking giant’s shares to an outperform rating with a $28.00 price target.

Macquarie notes that NAB has a strong capital position, which it feels should allow the bank to absorb any negative impacts of the AUSTRAC investigation and a potential COVID-induced economic slowdown.

In respect to dividends, Macquarie is forecasting fully franked dividends of $1.20 per share in FY 2021 and then $1.25 per share in FY 2022. Based on the latest NAB share price of $25.96, this will mean yields of 4.6% and 4.8%, respectively, over the next two years.

The post Here are 2 ASX dividend shares analysts rate as buys appeared first on The Motley Fool Australia.

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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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