3 ASX dividend shares with 5%+ yields to buy now

If you’re on the lookout for some new additions to your income portfolio, then read on.

Listed below are three ASX dividend shares that brokers have recently been named as buys.

Here’s what sort of dividend yields you can expect from them:

Accent Group Ltd (ASX: AX1)

Bell Potter think that Accent Group would be a top option for income investors. It is the owner of store brands including The Athlete’s Foot, Stylerunner, and HYPEDC.

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 Accents share price of $2.22, this represents dividend yields of 5.4% and 6.4%, respectively.

Its analysts currently have a buy rating and $2.50 price target on its shares.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Another ASX dividend share that could offer an attractive yield is Dalrymple Bay Infrastructure. It is the long-term operator of the Dalrymple Bay Coal Terminal (DBCT).

Citi is positive on the company and believes it is well-positioned to pay dividends per share of 20.6 cents in FY 2023 and 22 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.78, this will mean yields of 7.4% and 7.9%, respectively.

Citi has a buy rating and $3.00 price target on its shares.

QBE Insurance Group Ltd (ASX: QBE)

Over at Goldman Sachs, its analysts believe that insurance giant QBE could be an ASX dividend share to buy. This is due largely to favourable tailwinds and strong premium increases in the insurance market.

Goldman expects this to allow the company to pay a 59 US cents (90.4 Australian cents) per share dividend in FY 2024 and a 61 US cents (93.5 Australian cents) per share dividend in FY 2025. Based on the current QBE share price of $16.64, this equates to yields of 5.4% and 5.6%, respectively.

Goldman has a buy rating and $18.52 price target on the company’s shares.

The post 3 ASX dividend shares with 5%+ yields to buy now appeared first on The Motley Fool Australia.

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More reading

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• Morgans names more of the best ASX 200 shares to buy in February
• Buy ANZ and these ASX dividend stocks now
• Citi says Coles and these ASX dividend stocks are buys
• 3 ASX dividend shares for income investors to buy now

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.

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