Invest $10,000 in these buy-rated ASX dividend shares with 5%+ yields

Are you looking for some new additions to your income portfolio? If you are, then read on.

That’s because listed below are three ASX dividend shares that brokers have recently named as buys and tipped to offer 5%+ dividend yields.

This means that $10,000 invested in their shares would yield at least $500 in passive income.

Here’s what you need to know:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that could be a buy is Accent. It owns a collection of footwear focused retail store brands such as The Athlete’s Foot, Stylerunner, HYPEDC, and Sneaker Lab.

Bell Potter is positive on the company and believes recent weakness has created a buying opportunity for investors. It has a buy rating and $2.50 price target on its shares.

As for dividends, the broker 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 $1.97, this represents dividend yields of 6.6% and 7.4%, respectively.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that analysts are bullish on is Rural Funds.

It is an agricultural property company that generates revenue from leasing almond orchards, macadamia orchards, poultry property and infrastructure, vineyards, cattle properties, cropping properties, cattle and water rights.

Bell Potter is also positive on the company and has a buy rating and $2.40 price target on its shares.

In respect to dividends, the broker is forecasting dividends per share of 11.7 cents in both FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.10, this will mean yields of 5.6% for investors.

Stockland Corporation Ltd (ASX: SGP)

Finally, this residential and land lease developer and retail, logistics and office real estate property manager could be another ASX dividend share to buy.

That’s the view of analysts at Citi, which currently have a buy rating and $5.00 price target on its shares.

As for income, Citi is forecasting dividends per share of 26.2 cents in FY 2024 and 26.6 cents in FY 2025. Based on the Stockland share price of $4.47, this represents dividend yields of 5.9% and 6%, respectively.

The post Invest $10,000 in these buy-rated ASX dividend shares with 5%+ yields appeared first on The Motley Fool Australia.

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More reading

• Brokers say these ASX dividend shares are buys
• Leading brokers name 3 ASX shares to buy today
• 3 ASX shares to buy and hold forever
• Why Accent, Austal, Newmont, and Sandfire shares are plunging today
• Accent share price sinks 8% on earnings slump and dividend cut

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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Rural Funds 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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