How about buying these ASX dividend shares?

Do you have room in your income portfolio for some new ASX dividend shares? If you do, then it could be worth checking out the buy-rated shares listed below.

Both have been named as buys and tipped to provide investors with above-average dividend yields in the near term. Here’s what you can expect from them:

ANZ Group Holdings Ltd (ASX: ANZ)

A recent note out of Ord Minnett reveals that that its analysts are positive on this banking giant and see it as an ASX dividend share to buy right now.

The broker was pleased to see that its proposed acquisition of Suncorp Bank is getting closer to completion. Its analysts expect the addition of the business to add scale to areas where the ANZ currently trails the rest of the big four banks.

As for that all-important income, Ord Minnett is forecasting fully franked dividends per share of $1.62 in FY 2024 and then $1.65 per share in FY 2025. Based on the current ANZ share price of $28.69, this will mean dividend yields of 5.65% and 5.75%, respectively.

The broker currently has a buy rating and $31.00 price target on ANZ’s shares.

Super Retail Group Ltd (ASX: SUL)

Over at Goldman Sachs, its analysts are feeling bullish about this retail conglomerate and believe it could be another ASX dividend shares to buy.

As a reminder, Super Retail is the name behind the BCF, Macpac, Rebel, and Super Cheap Auto brands.

Goldman was pleased with its half year results, noting that it “was high quality and the strategic growth plan is intact.” This is important given that the latter is “core to [the broker’s] Buy thesis.”

In respect to dividends, the broker is forecasting fully franked dividends per share of 67 cents in FY 2024 and then 73 cents in FY 2025. Based on the latest Super Retail share price of $15.05, this will mean good yields of 4.5% and 4.9%, respectively.

Goldman Sachs has a buy rating and $17.80 price target on its shares.

The post How about buying these ASX dividend shares? appeared first on The Motley Fool Australia.

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More reading

• Why are ASX investors so obsessed with dividends?
• What’s going so wrong for ASX 200 shares on Friday?
• Buyer beware! Why Macquarie just downgraded the big four ASX 200 banks
• 1 top ASX 200 dividend stock to buy now with $500
• Guess which ASX 200 retail stock is tipped to deliver 19% upside and a 6.5% yield in 2024

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 positions in and has recommended Super Retail 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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