If you’re in the process of building an income portfolio, then you might want to look at the shares listed below.
Here’s why these ASX dividend shares could be in the buy zone right now:
Accent Group Ltd (ASX: AX1)
The first ASX dividend share to look at is this footwear focused retailer. It is the company behind a collection of popular retail brands including HYPE DC and The Athlete’s Foot. In addition, Accent has the exclusive licence for a number of brands in Australia such as Reebok.
It could be a top option for income investors following a recent pullback which has left it trading close to 52-week lows. This has been driven by concerns over its performance in FY 2022 due to lockdowns and other COVID headwinds.
And while its underperformance is expected to impact its profits and therefore its dividends this year, analysts at Bell Potter expect a big rebound in FY 2023. It is for this reason the broker has a buy rating and $2.75 price target on the company’s shares.
Its analysts are also currently forecasting dividends per share of 5.4 cents this year and then 11 cents in FY 2023. Based on the current Accent share price of $2.05 this will mean yields of 2.6% and 5.4%, respectively.
Charter Hall Social Infrastructure REIT (ASX: CQE)
Another ASX dividend share for investors to consider is the Charter Hall Social Infrastructure REIT. It is a high quality real estate investment trust with a focus on properties with specialist use, limited competition, and low substitution risk.
Among its portfolio you will find bus depots, police and justice services facilities, and childcare centres. The latter is the company’s main focus. In fact, the Charter Hall Social Infrastructure REIT is the largest owner of early learning centres in Australia.
Goldman Sachs is a fan of the company and currently has a conviction buy rating and $4.17 price target on its shares.
It is also forecasting dividends per share of 17.1 cents in FY 2022 and 17.5 cents in FY 2023. Based on its current share price of $3.87, this implies yields of 4.4% and 4.5%, respectively.
The post Analysts name 2 ASX dividend shares to buy with attractive yields appeared first on The Motley Fool Australia.
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More reading
- 2 underrated ASX dividend shares expected to unleash big payouts in FY23
- 2 buy-rated ASX dividend shares with 4%+ yields
- Potential buys: 2 compelling ASX shares
- Analysts rate these ASX dividend shares as buys
- 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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