Analysts are tipping 6%+ yields from these ASX dividend shares

If you’re an income investor looking for dividend shares to buy, then you may want to check out the two listed below.

These have been named as buys and are forecast to provide generous dividend yields. Here’s what you need to know about these dividend shares:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that has been tipped as a buy is footwear focused retailer Accent.

After a tough time in FY 2022, the team at Morgans is tipping the company to bounce back this year. Particularly given how management is focused on selling at full price again, which it expects to support a recovery in its gross profit margin. In addition, the broker likes the company’s decision to moderate its store rollout in favour of a more selective expansion strategy focused on return on investment.

Morgans has an add rating with a $2.00 price target. As for dividends, the broker is forecasting fully franked dividends of 9 cents per share in FY 2023 and 11 cents per share in FY 2024. Based on the current Accent share price of $1.37, this will mean yields of 6.5% and 8%, respectively.

Charter Hall Long WALE REIT (ASX: CLW)

Another ASX dividend share that could be worth considering is Charter Hall Long Wale REIT.

It is a property company with a focus on high quality real estate assets that are leased predominantly to corporate and government tenants on very long term leases.

Ord Minnett is positive on the company. In response to the company’s FY 2022 results, the broker retained its accumulate rating with a $4.93 price target.

In respect to dividends, the broker is forecasting dividends per share of 28 cents in FY 2023 and 28.5 cents in FY 2024. Based on the current Charter Hall Long Wale REIT share price of $4.45, this will mean yields of 6.3% and 6.4%, respectively.

The post Analysts are tipping 6%+ yields from these ASX dividend shares appeared first on The Motley Fool Australia.

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More reading

• How I’d invest $50,000 in ASX dividend shares for retirement, if I had to start from scratch
• 3 ASX 300 shares trading ex-dividend today
• Analysts say these ASX dividend shares are buys right now
• Morgans names 2 ASX shares to buy post-results
• Leading brokers name 3 ASX shares to buy today

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 Scott Phillips.

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