Analysts say buy these ASX dividend shares

These dividend shares are in favour with analysts…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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:

a man sits on his sofa loong at his phone and raises a fist to the air in happy celebration.

Image source: Getty Images

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.

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.

More on Dividend Investing

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Dividend Investing

Buy Macquarie and this ASX 200 passive income share: analysts

These could be the shares to buy if you want a passive income boost.

Read more »

ATM with Australian hundred dollar notes hanging out.
Dividend Investing

4 ASX 200 shares trading ex-dividend on Wednesday

These ASX 200 shares will be rewarding their shareholders with dividends very soon.

Read more »

A woman wearing glasses and a black top smiles broadly as she stares at a money yarn full of coins representing the rising JB Hi-Fi share price and rising dividends over the past five years
Dividend Investing

Buy these ASX dividend shares with big yields today: experts

These ASX shares could give your passive income a major boost during the cost of living crisis.

Read more »

Two male ASX 200 analysts stand in an office looking at various computer screens showing share prices
Dividend Investing

3 ASX 200 shares trading ex-dividend on Tuesday

Expect to see these 3 ASX 200 shares drop tomorrow

Read more »

A couple sits in their lounge room with a large piggy bank on the coffee table. They smile while the male partner feeds some money into the slot while the female partner looks on with an iPad style device in her hands as though they are budgeting.
Dividend Investing

Buy these ASX dividend shares right now for income: analysts

Here's why analysts say these could be top options for income investors this month...

Read more »

A woman smiles widely while using an old fashioned hand set telephone with dial.
Dividend Investing

Here's how much I'd need to invest in Telstra shares to generate a $200 monthly income

Telstra has grown its dividends again in 2023.

Read more »

A sophisticated older lady with shoulder-length grey hair and glasses sits on her couch laughing while looking at her phone
Dividend Investing

I reckon these are 2 of the best ASX income stocks to buy in March

These look like two winners for income to me.

Read more »

Woman holding $50 notes and smiling.
Dividend Investing

Analysts name 2 ASX dividend shares to buy with 4%+ yields

These ASX dividend shares good be quality options for income investors right now.

Read more »