Analysts name 2 ASX dividend shares with big yields to buy

Man and woman holding up money over the bottom half of their face, symbolising dividends.

Man and woman holding up money over the bottom half of their face, symbolising dividends.

If you’re looking for dividend shares with attractive yields, then you may want to look at the ones listed below.

Here’s why analysts rate these dividend shares as buys:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share to look at is this footwear focused retailer.

Accent is the owner of a wide range of retail brands including HYPEDC, Platypus, Stylerunner, Subtype, Supra, and The Athlete’s Foot.

Accent’s shares have been hit hard this year due to COVID lockdowns impacting its profits materially and concerns over sports giants Adidas and Nike focusing on growing their direct to consumer businesses.

Nevertheless, the team at UBS remain positive and are expecting the company to rebound strongly in FY 2023. As a result, the broker has put a buy rating and $2.50 price target on the retailer’s shares.

As for dividends, UBS is forecasting fully franked dividends 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 $1.47, this will mean yields of 4.75% and 8.8%, respectively.

Dexus Industria REIT (ASX: DXI)

Another ASX dividend share that could be in the buy zone is Dexus Industria.

It is an industrial and office focused property company that was formerly known as APN Industria. Dexus Industria owns interests in office and industrial properties across the country that provide functional and affordable workspaces for businesses.

Morgans is a fan of the company and appears to believe it well-placed to deliver sustainable income and capital growth prospects for shareholders over the long term.

Its analysts recently put an add rating and $3.65 price target on the company’s shares. They are also forecasting attractive dividends per share of 17.3 cents in FY 2022 and 17.6 cents in FY 2023.

Based on the current Dexus Industria share price of $3.37, this will mean yields of 5.1% and 5.2%, respectively.

The post Analysts name 2 ASX dividend shares with big yields to buy 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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