If you’re wanting to add some new dividend shares to your income portfolio, then the two listed below could be worth considering.
Here’s what analysts are saying about these dividend shares right now:
Accent Group Ltd (ASX: AX1)
The first ASX dividend share to look at is this footwear focused retailer. It owns a large (and growing) stable of store brands including Glue, HYPEDC, Pivot, Platypus, Sneaker Lab, and Stylerunner.
Accent’s shares have fallen heavily in recent months after lockdowns weighed on its performance. However, the team at Bell Potter appear confident that this is a short term blip and are expecting its earnings and dividends to rebound in FY 2023.
In light of this, while it is now only forecasting a fully franked dividend of 5.4 cents per share in FY 2022, it expects this to double to 11 cents per share in FY 2023. Based on the current Accent share price of $2.06, this will mean yields of 2.6% and 5.3%, respectively.
Bell Potter has a buy rating and $2.75 price target on Accent’s shares.
Woodside Petroleum Limited (ASX: WPL)
Another ASX dividend share to look at is Woodside. Unlike Accent, this energy producer’s shares have been on fire in recent months. This has been driven by oil prices hitting seven-year highs and optimism over its upcoming merger with the petroleum assets of BHP Group Ltd (ASX: BHP).
This merger will be transformative for Woodside, making it a top ten global producer with a collection of world class operations and numerous growth options.
Morgans is very positive on the company and is expecting generous dividend payments in the coming years. The broker has pencilled in dividends per share of $1.26 in FY 2021 and then $1.29 in FY 2022. Based on the current Woodside share price of $27.03, this will mean yields of 4.65% and 4.8%, respectively.
The broker has an add rating and $30.55 price target on its shares.
The post Analysts rate these ASX dividend shares as buys appeared first on The Motley Fool Australia.
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More reading
- 5 things to watch on the ASX 200 on Wednesday
- Own ASX energy shares? Citi issues stark oil production warning
- These 3 ASX energy shares just hit 52-week highs
- Is the Woodside (ASX:WPL) share price a smart buy for dividends?
- ASX retail shares have slumped in 2022. Could there be more pain to come?
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 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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