Analysts name 2 ASX dividend shares to buy now

These dividend shares could be buys

| More on:
Smiling man holding Australian dollar notes, symbolising dividends.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you're looking for dividends shares with good yields, then you may want to look at the ones listed below.

Here's why analysts 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 brands including HYPEDC, Stylerunner, and The Athlete's Foot.

Accent's shares have been hammered this year due to being impacted significantly by COVID lockdowns. For example, its recent half year results revealed a 72% decline in net profit after tax to $14.8 million.

The good news is that these impacts are only expected to be temporary, which could make the recent share price weakness a buying opportunity for patient income investors.

The team at Bell Potter remains positive on Accent and retained its buy rating and $2.75 price target this week. 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 $2.07, this will mean yields of 2.8% and 5.3%, respectively.

Charter Hall Long WALE REIT (ASX: CLW)

Another dividend share to look at is the Charter Hall Long Wale REIT. It manages a wide range of listed and unlisted property funds for institutional and retail investors with a focus on office, industrial, and retail sectors.

Charter Hall Long Wale REIT also recently added to its portfolio with the acquisition of ALE Property with Hostplus for ~$1.7 billion. This adds ~78 hotel properties across the five mainland states that are all leased to ALH Group, which is part of Endeavour Group Ltd (ASX: EDV).

Citi is a fan of Charter Hall Long Wale REIT. It currently has a buy rating and $5.71 price target on its shares.

The broker is also forecasting dividends per share of 30.8 cents in FY 2022 and 30.9 cents in FY 2023. Based on the current Charter Hall Long Wale REIT share price of $5.05, this will mean yields of ~6.1%.

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.

More on Dividend Investing

Dividend Investing

How I'd start earning passive income to replace my wages

Want to give up work? Here's a long term plan you can put into action.

Read more »

Three young people lie in the surf on a beach wearing santa hats.
Dividend Investing

3 ASX dividend shares to buy after Christmas

Why are analysts bullish on these income options? Let's find out what they are saying.

Read more »

Dividend Investing

These buy-rated ASX dividend stocks offer 4% to 7% yields

Brokers think that income investors should be buying these top income options right now.

Read more »

man dressed as santa holding a piggy bank
Dividend Investing

Buy these ASX dividend shares as Christmas presents

Here's why they could be in the buy zone.

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Dividend Investing

A 10% dividend yield from an All Ords stock with a forward P/E of 9!

I’m bullish on this stock. Here’s why.

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Dividend Investing

I'd buy these ASX dividend shares with big yields for income

These are some of the most appealing businesses to me for a big yield.

Read more »

Person holding Australian dollar notes, symbolising dividends.
Dividend Investing

15 ASX 200 stocks going ex-dividend before New Year's Eve

Looking for some last minute end-of-year dividend income? Better be quick.

Read more »

A woman presenting company news to investors looks back at the camera and smiles.
Dividend Investing

Top analysts say these ASX 200 dividend shares are great buys

Here's what analysts are saying about these income options right now.

Read more »