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 in April:
Accent Group Ltd (ASX: AX1)
The first ASX dividend shares to look at is Accent. It is a footwear focused retailer that owns a growing collection of store brands. These include HYPEDC, Pivot, Platypus, Sneaker Lab, and Stylerunner.
Accent’s shares have lost almost a third of their value this year due to tough trading conditions caused by COVID lockdowns. While this is disappointing, the team at UBS appear to see it as a buying opportunity.
The broker currently has a buy rating and $2.50 price target on the retailer’s shares. And while it expects a lower than normal dividend this year due to softer earnings, it is expecting a big rebound next year.
UBS has forecast a fully franked dividend of 7 cents per share in FY 2022 and then 13 cents per share in FY 2023. Based on the current Accent share price of $1.70, this will mean yields of 4.1% and 7.7%, respectively.
Elders Ltd (ASX: ELD)
Another ASX dividend share for investors to look at is agribusiness company, Elders.
It provides rural and regional customers with a range of services. These include livestock, real estate, feed and processing, wool agency services, financial planning, and grain marketing services.
Thanks to the success of Elders’ transformation plan and acquisitions, it has been a very strong performer over the last couple of years. Pleasingly, Goldman Sachs expects this positive form to continue.
It highlights the rationalisation of the rural services industry, margin expansion through backward integration, and the benefits of its large scale systems modernisation project as key drivers of growth in the coming years.
In light of this, the broker has a conviction buy rating and $17.65 price target on its shares.
As for dividends, the broker is forecasting fully franked dividends of 45 cents per share in FY 2022 and 47 cents per share in FY 2023. Based on the current Elders share price of $13.29, this will mean yields of 3.4% and 3.5%, respectively.
The post 2 fully franked ASX dividend shares experts rate as buys appeared first on The Motley Fool Australia.
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More reading
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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 and Elders Limited. 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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