Brokers say these ASX dividend shares are buys

If you’re an income investor looking for dividend shares to buy, then you might want to read on.

That’s because listed below are two top ASX dividend shares that brokers are recommending as buys with great forecast yields.

Here’s what you need to know about them:

Accent Group Ltd (ASX: AX1)

Bell Potter has responded to this footwear retailer’s half-year results by retaining its buy rating with a $2.50 price target on its shares. The broker commented:

We remain constructive on AX1 given the scale & exposure in terms of channels, brands & size as the overall industry navigates a challenging retail spend environment in addition to growing a vertical brand strategy (~8% on owned sales) and growth adjacencies within TAF & via exclusive partnerships with globally winning brands as Hoka.

As for income, Bell Potter is forecasting fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the current Accent share price of $1.94, this represents sizeable dividend yields of 6.7% and 7.5%, respectively, for investors.

Endeavour Group Ltd (ASX: EDV)

Goldman Sachs remains positive on this drinks giant following its half-year results release on Monday. The broker has put a buy rating and $6.00 price target on the Dan Murphy’s owner’s shares this morning. Its analysts said:

We believe EDV is trading at a relatively attractive valuation, with potential downside from EGM tax changes already fully priced in. We are Buy rated on EDV.

In respect to dividends, the broker is forecasting fully franked dividends per share of 22 cents in both FY 2024 and FY 2025. Based on the current Endeavour share price of $5.08, this represents attractive dividend yields of 4.3% for investors.

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

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More reading

• 5 things to watch on the ASX 200 on Tuesday
• Leading brokers name 3 ASX shares to buy today
• Endeavour share price drops on half-year profit weakness
• 5 things to watch on the ASX 200 on Monday
• Why Accent, Austal, Newmont, and Sandfire shares are plunging today

Motley Fool contributor James Mickleboro has positions in Endeavour Group. 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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