If you’re building an income portfolio, then you may want to look at the ASX shares listed below.
Both these ASX dividend shares offer attractive yields and have been named as buys by analysts.
Here’s what you need to know about them:
Accent Group Ltd (ASX: AX1)
The first ASX dividend share that could be in the buy zone is Accent. It is the owner of a growing portfolio of footwear focused store brands including HYPEDC, Pivot, Platypus, Sneaker Lab, and Stylerunner.
Unfortunately, it has been hit hard this year by lockdowns, which led to the release of a very disappointing half year result last month. This has weighed heavily on the Accent share price, much to the dismay of shareholders.
The team at UBS appears to see this as a buying opportunity and are forecasting a big rebound in Accent’s profits and dividends in FY 2023. The broker currently has a buy rating and $2.50 price target on the company’s shares.
UBS has pencilled in a fully franked dividend of 7 cents per share in FY 2022 and then 13 cents per share in FY 2023. Based on the current Accent share price of $1.64, this will mean yields of 4.3% and 7.9%, respectively.
Centuria Industrial Reit (ASX: CIP)
Another ASX dividend share to look at is Centuria Industrial. It is a property company with a focus on high quality industrial assets.
Centuria Industrial has been on form again in FY 2022 thanks to strong demand for industrial space. This is particularly the case from ecommerce-related tenant customers, which resulted in the company reporting strong rental income growth and a 26% increase in funds from operations (FFO) during the first half.
Macquarie was pleased with its performance and appears confident the strong form will continue. Last month it put an outperform rating and $4.27 price target on the company’s shares.
As for dividends, the broker is forecasting dividends per share of 17.3 cents in FY 2022 and then 17.8 cents in FY 2023. Based on the current Centuria Industrial REIT share price of $3.90, this will mean yields of 4.4% and 4.55%, respectively.
The post Analysts name 2 ASX dividend shares to buy with +4% yields appeared first on The Motley Fool Australia.
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More reading
- 7 small-cap ASX shares that have been oversold: Wilsons
- Broker names 2 quality ASX dividend shares to buy
- Top fund manager reveals 2 smart ASX shares to buy
- 2 ASX dividend shares to buy for this year and beyond: experts
- Brokers name 2 excellent ASX dividend shares with big yields 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.
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