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

Australian dollar notes rolled into bundles.

Australian dollar notes rolled into bundles.

If you’re wanting to boost your income with some dividend shares, then you might want to consider the two listed below.

Here’s what you need to know about these dividend shares:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share for investors to look at is leading footwear retailer, Accent.

Its shares have been sold off this year amid concerns over consumer spending as inflation rears its ugly head. While this is disappointing, the team at Bell Potter appear to believe it could be a buying opportunity.

Last month its analysts retained their buy rating with a $2.20 price target on the company’s shares.

In addition, with the broker forecasting fully franked dividends of 5.8 cents per share in FY 2022 and 10.7 cents per share in FY 2023. Based on the current Accent share price of $1.38, this would mean yields of 4.2% and 7.8%, respectively, over the next couple of years.

Elders Ltd (ASX: ELD)

Another ASX dividend share to look at is Elders. It is an agribusiness company that provides a range of services to rural and regional customers across the Australia/New Zealand region.

Elders has been a very strong performer this year. For example, during the first half of FY 2022, the company reported an 80% increase in first-half EBIT to $132.8 million last week.

This went down well with the team at Goldman Sachs. In response, the broker put a buy rating and $21.00 price target on its shares. It likes Elders due to its “strong track record; good industry structure; potential for positive earnings surprise; and an attractive valuation.”

As for dividends, Goldman is forecasting dividends per share of 50 cents in FY 2022 and 53 cents in FY 2023. Based on the current Elders share price of $11.99, this implies attractive yields of 4.2% and 4.4%, respectively.

The post Analysts name 2 ASX dividend shares to buy with 4%+ yields 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 and Elders Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia

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