The ASX dividend dream: 18% returns to fuel your income goals

There’s nothing better for income investors than owning some ASX dividend shares that pay you a great yield and offer major capital gain potential.

But which ASX dividend shares offer this winning combination today?

Well, three shares that analysts are tipping as buys with big total returns are listed below. Here’s what they are expecting from them:

Accent Group Ltd (ASX: AX1)

Bell Potter thinks investors should be buying this footwear focused retailer’s shares.

It currently has a buy rating and $2.35 price target on them. This implies potential upside of 12.5% for investors over the next 12 months.

In addition, the broker is forecasting an 11.1 cents per share dividend in FY 2024. This equates to a yield of 5.3%, which boosts the total potential return to approximately 18%.

QBE Insurance Group Ltd (ASX: QBE)

Analysts at Goldman Sachs believe that this insurance giant’s shares could offer big returns over the next 12 months. This is thanks to favourable tailwinds and strong premium increases in the insurance market.

Goldman has a buy rating and $18.52 price target on the ASX dividend share, which suggests potential upside of 14.5%.

And with Goldman forecasting a 59 US cents per share dividend in FY 2024, which equates to a 5.5% yield, the total potential return increases to 20%.

Stockland Corporation Ltd (ASX: SGP)

Finally, Citi sees the potential for big returns from the shares of this residential and land lease developer and retail, logistics and office real estate property manager.

It has a buy rating and $5.10 price target on the ASX dividend share, which implies 12% upside from current levels.

In addition, the broker expects a 27 cents per share dividend in FY 2024. This represents a ~6% dividend yield, lifting the total potential return to 18%.

The post The ASX dividend dream: 18% returns to fuel your income goals appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here’s how the ASX 200 market sectors stacked up this week
• Why Goldman Sachs thinks QBE shares are a top buy
• Why Credit Corp, Playside, QBE, and Skycity shares are pushing higher today
• ASX domination: The 5.5% dividend stock to watch
• Top ASX shares to buy in February 2024

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended Goldman Sachs 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.

from The Motley Fool Australia https://ift.tt/5jMeS2n