Analysts name 2 high-yield ASX dividend shares to buy

If you’re searching for an income boost, then it could be worth checking out the two ASX dividend shares listed below.

Analysts are feeling bullish about these shares and are tipping attractive yields from their shares. Here’s what you need to know:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that could be a buy is footwear retailer Accent. It owns brands such as The Athlete’s Foot, Platypus, and Stylerunner.

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

Its analysts highlight that they “remain constructive on AX1 given the scale & exposure in terms of channels, brands & size as the overall industry navigates a challenging retail spend environment.”

Bell Potter is expecting some attractive dividend yields in the near term. It is forecasting fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the latest Accent share price of $2.02, this represents dividend yields of 6.4% and 7.2%, respectively.

Orora Ltd (ASX: ORA)

The team at Goldman Sachs believes that Orora would be a good ASX dividend share to buy.

It is a designer and manufacturer of packaging products such as fibre-based packaging, glass bottles, beverages cans, and corrugated boxes.

Goldman likes the company due to its defensive qualities. In addition, its analysts “believe the current market implied valuation of Saverglass provides a favourable risk-reward skew.”

The broker has a buy rating and $3.40 price target on its shares.

As for dividends, Goldman Sachs is expecting the company to pay dividends per share of 13 cents in FY 2024 and 14 cents in FY 2025. Based on the current Orora share price of $2.68, this will mean yields of 4.9% and 5.2%, respectively.

The post Analysts name 2 high-yield ASX dividend shares to buy appeared first on The Motley Fool Australia.

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More reading

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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 and Orora. 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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