If you’re looking for dividend shares with attractive yields, then you may want to look at the ones listed below.
Here’s why analysts at Bell Potter rate these dividend shares as buys:
Accent Group Ltd (ASX: AX1)
The first ASX dividend share to look at is this footwear focused retailer. It is the company behind a growing collection of popular retail brands. These include HYPEDC, Platypus, Stylerunner, and The Athlete’s Foot.
Accent’s shares have been hit hard this year due to COVID lockdowns impacting its profits materially and concerns over sports giants Adidas and Nike focusing on growing their direct to consumer businesses.
The team at Bell Potter isn’t concerned, though, and continues to forecast a strong sales and profit rebound in FY 2023. In light of this, its analysts believe recent share price weakness is a buying opportunity.
Last month Bell Potter put a buy rating and $2.75 price target on the company’s shares. As for dividends, it is expecting fully franked dividends per share of 5.8 cents in FY 2022 and then 10.9 cents in FY 2023.
Based on the current Accent share price of $1.67, this will mean yields of 3.5% and 6.5%, respectively.
Commonwealth Bank of Australia (ASX: CBA)
Another ASX dividend share for investors to consider is banking giant, CBA.
The team at Bell Potter believe Australia’s largest bank could be a quality option for income investors. It currently has a buy rating and $108.00 price target on the bank’s shares.
The broker is positive on CBA due to its strategic strengths of scale, brand, and diversification, which are supported by an irreplaceable infrastructure comprising over 1,100 branches, 3,800 Australia Post agencies, and nearly 3,600 ATMs.
Bell Potter appears confident this will support solid dividend growth over the coming years. For example, the broker has pencilled in fully franked dividends per share of $3.87 in FY 2022 and $4.07 in FY 2023. Based on the current CBA share price of $105.70, this will mean yields of 3.7% and 3.85%, respectively.
The post Broker names 2 quality ASX dividend shares to buy appeared first on The Motley Fool Australia.
Wondering where you should 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 over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of January 12th 2022
More reading
- Why is the CBA (ASX:CBA) share price outpacing the other banks in March?
- Top brokers name 3 ASX shares to sell next week
- If you invested $10,000 in CBA shares a decade ago, here’s what it would be worth now
- Fundie tells why two-thirds of all dividends come from just 7 ASX shares. Guess which ones?
- Top fund manager reveals 2 smart ASX shares to buy
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.
from The Motley Fool Australia https://ift.tt/5qS90tW
Leave a Reply