If you’re planning to add a dividend share or two to your portfolio in the near future, then you may want to check out the ones listed below.
Here’s why these ASX dividend shares come highly rated right now:
Accent Group Ltd (ASX: AX1)
Accent is an ASX dividend share that has recently caught the eye. The leading leisure footwear-focused retailer has just released a trading update which revealed that it has been performing very strongly in FY 2021.
After an impressive start to the year, the company followed this up with a very strong holiday period. For the two months to 27 December, the company’s total sales were up 12.3% and its like-for-like sales grew 7.4%. This underpinned like-for-like sales growth of 12.3% for the first half.
One broker that was impressed was Citi. In response to the update, it put a buy rating and $2.60 price target on its shares.
The broker is also forecasting an 11 cents per share dividend from Accent in FY 2021. Based on the current Accent share price, this represents a fully franked 4.5% dividend yield.
Australia and New Zealand Banking GrpLtd (ASX: ANZ)
Another ASX dividend share to look at this week is ANZ Bank. Although its shares have rallied strongly over the last few months, analysts at Morgans don’t believe it is too late to invest. Especially given the improving outlook for the banks and the generous dividends on offer with its shares.
Morgans recently reiterated its add rating and lifted its price target on the bank’s shares to $26.00. Its analysts are forecasting a $1.27 per share dividend in FY 2021, followed by a $1.50 per share dividend in FY 2022.
Based on the latest ANZ share price, this will mean 5.15% and 6.1% dividend yields, respectively, for income investors over the next two years.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
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- Brokers name 3 ASX shares to buy right now
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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 Bruce Jackson.
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