3 ASX dividend shares for income investors to buy now

Are you looking for ASX dividend shares for your income portfolio?

If you are, then you could check out the three listed below that have been tipped as buys.

Here’s what analysts are saying about these shares:

Accent Group Ltd (ASX: AX1)

Accent Group could be an ASX dividend share to buy this month.

It is the company behind a large number of footwear focused retail store brands such as The Athlete’s Foot, Stylerunner, HYPEDC, and Sneaker Lab.

The team at Bell Potter is bullish on the company and has a buy rating and 2.50 price target on its shares.

As for income, the broker is forecasting fully franked dividends per share of 12 cents in FY 2024 and then 14.1 cents in FY 2025. Based on the current Accent share price of $2.09, this represents dividend yields of 5.75% and 6.75%, respectively.

Aurizon Holdings Ltd (ASX: AZJ)

Another ASX dividend share that has been given the thumbs up by analysts is Aurizon.

It is Australia’s largest rail freight operator, moving more than 250 million tonnes of Australian commodities each year across its network.

Analysts at Ord Minnett are positive on the company and have an accumulate rating and $4.70 price target on its shares.

As for dividends, the broker is forecasting partially franked dividends of 17.9 cents per share in FY 2024 and then 20.4 cents per share in FY 2025. Based on the latest Aurizon share price of $3.76, this will mean yields of 4.75% and 5.4%, respectively.

Healthco Healthcare and Wellness REIT (ASX: HCW)

A final ASX dividend share that could be a buy is the Healthco Healthcare and Wellness REIT.

It is a leading health and wellness focused real estate investment trust with exposure to attractive megatrends.

Bell Potter is feeling positive about the company’s outlook. It has a buy rating and $1.75 price target on its shares.

In respect to income, it is forecasting dividends per share of 8 cents in FY 2024 and 8.3 cents in FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.35, this will mean yields of 5.9% and 6.15%, respectively.

The post 3 ASX dividend shares for income investors to buy now 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

• Are Accent shares a good buy right now?
• Brokers say these ASX dividend shares are buys next week
• The ASX dividend dream: 18% returns to fuel your income goals
• Morgans says these ASX dividend shares are buys this month
• ASX domination: The 5.5% dividend stock to watch

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 Aurizon. 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/cOMeSoz