Buy ANZ and this ASX dividend share: analysts

Analysts have named these ASX dividend shares as buys…

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If you're searching for dividend shares, then it could be worth checking out the two listed below that have been tipped as buys.

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 footwear and apparel retailer Accent.

It is the owner of a growing portfolio of retail brands such as Hype DC, The Athlete's Foot, Glue, Platypus, Sneaker Lab, and Stylerunner.

Goldman Sachs' analysts are positive on the company because its "diversified product exposure includes a number of product categories which we believe are resilient in the current cycle." These are youth footwear, youth apparel, performance footwear, and a higher income consumer.

The broker is also expecting some attractive dividend yields from the company's shares. It is forecasting fully franked dividends of 10.2 cents per share in FY 2023 and 11.4 cents per share in FY 2024. Based on the current Accent share price of $1.94, this will mean yields of 5.25% and 5.9%, respectively.

Goldman has a buy rating and $2.20 price target on Accent's shares.

Australia and New Zealand Banking Group Ltd (ASX: ANZ)

Another ASX dividend share that analysts have named as a buy is big four bank ANZ Bank.

Citi is very positive on the banking giant and recently named it as its top sector pick. It believes the bank is well-placed to experience a boost to its earnings and dividend in FY 2023 and FY 2024 thanks to cash rate rises.

Citi also highlights that ANZ's recent agreement to acquire the banking operations of Suncorp Group Ltd (ASX: SUN) for $4.9 billion meets a strategic objective at a reasonable price.

In respect to dividends, the broker is forecasting fully franked dividends of $1.66 per share in FY 2023 and $1.76 per share in FY 2024. Based on the current ANZ share price of $24.75, this will mean yields of 6.7% and 7.1%, respectively.

Citi currently has a buy rating and $29.25 price target on the bank's shares.

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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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