Analysts say these top ASX dividend shares are buys

If you’re searching for dividend shares to buy, then the two listed below could be worth considering.

Analysts have recently given the thumbs up to these dividend shares and are predicting attractive yields in the coming years. Here’s what you need to know about them:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that has been tipped as a buy is Accent. It is the owner of a growing portfolio of footwear focused store brands including Athlete’s Foot, HYPEDC, Pivot, Platypus, Sneaker Lab, and Stylerunner.

It has been a difficult year for Accent due to lockdowns, rising living costs, and softer consumer spending. While this is disappointing, the team at Bell Potter remain positive and see its share price weakness as a buying opportunity.

This is due to the company’s “dominant market share in the Australian footwear retailing industry and growth outlook in the youth focused sports apparel.”

The broker currently has a buy rating and $1.90 price target on the company’s shares.

In respect to dividends, Bell Potter has pencilled in a fully franked dividend of 5.7 cents per share in FY 2022 and then 9 cents per share in FY 2023. Based on the current Accent share price of $1.43, this will mean yields of 4% and 6.3%, respectively.

Elders Ltd (ASX: ELD)

Another ASX dividend share that has been tipped as a buy is agribusiness company Elders.

Unlike Accent, it has been in sensational form again in FY 2022. During the first half, the company reported an 80% increase in earnings before interest and tax to $132.8 million.

And while its growth is expected to moderate now, the team at Goldman Sachs remains very positive on the investment opportunity here. This is due to its “strong track record; good industry structure; potential for positive earnings surprise; and an attractive valuation.”

Goldman Sachs has a buy rating and $21.00 price target on its shares.

As for dividends, Goldman is forecasting dividends per share of 50 cents in FY 2022 and 53 cents in FY 2023. Based on the current Elders share price of $12.31, this implies attractive yields of 4.1% and 4.3%, respectively.

The post Analysts say these top ASX dividend shares are buys appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Brokers name 2 ASX dividend shares to buy with 4%+ yields
• Brokers name 3 ASX shares to buy today
• Why Goldman is tipping 80% upside for the Elders share price
• 5 things to watch on the ASX 200 on Friday

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 and Elders Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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