Brokers say these top ASX dividend shares are buys for 2023

If you’re looking for dividend shares to buy, then the two listed below could be worth checking out.

Both have been named as buys by analysts recently and tipped to provide very attractive yields. Here’s what you need to know about them:

Accent Group Ltd (ASX: AX1)

This footwear and apparel retailer could be an ASX dividend share to buy right now.

It is the owner of a growing portfolio of retail brands such as Hype DC, The Athlete’s Foot, Glue, Platypus, Nude Lucy, Sneaker Lab, and Stylerunner.

Goldman Sachs is a fan of the company and highlights that its “diversified product exposure includes a number of product categories which we believe are resilient in the current cycle including youth footwear (Platypus, Hype), youth apparel (Glue, Nude Lucy), performance footwear (TAF), and a higher income consumer (Stylerunner).”

In light of this, the broker believes the company is well-placed to pay fully franked dividends of 10.2 cents per share in FY 2023 and 11.4 cents per share in FY 2024. Based on the current Accent share price of $1.66, this will mean yields of 6.1% and 6.8%, respectively.

Goldman also sees plenty of upside for its shares in 2023 with its buy rating and $2.20 price target.

Coles Group Ltd (ASX: COL)

Another ASX dividend share that has been tipped as a buy is Coles.

It is of course one of Australia’s largest supermarket and liquor store operators with over 800 supermarkets and over 900 liquor retail stores.

But Coles isn’t stopping there and continues to grow its network each year. In addition, the company is aiming to grow its online operations and make its overall operations more efficient with the construction of automated distribution centres.

Morgans is positive on the company’s outlook and has an add rating with a $19.50 price target on its shares. It is also expecting attractive fully franked dividends per share of 64 cents in FY 2022 and 66 cents in FY 2023.

Based on the current Coles share price of $16.80, this implies yields of 3.8% and 4%, respectively.

The post Brokers say these top ASX dividend shares are buys for 2023 appeared first on The Motley Fool Australia.

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More reading

• 2 defensive ASX dividend shares to buy for 2023: experts
• Bell Potter names the best ASX shares to buy in 2023
• How to swap your job for $75,000 in retirement income using ASX dividend shares
• Yields of up to 7%… 3 ASX dividend shares I’d buy to hold for 10 years
• These quality ASX dividend shares are buys: Goldman Sachs

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 positions in and has recommended Coles Group. 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 Scott Phillips.

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