Income investors on the lookout for ASX dividend shares to buy in August might want to check out the three listed below.
Here's what yields analysts are expecting from their shares:
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ANZ Group Holdings Ltd (ASX: ANZ)
The first ASX dividend share that could be a buy is big four bank ANZ.
Analysts at Goldman Sachs are very positive on the bank due largely to its institutional business. The broker currently has a buy rating and a $27.38 price target on its shares.
As for dividends, the broker is forecasting fully franked dividends per share of $1.62 in both FY 2023 and FY 2024. Based on the current ANZ share price of $25.75, this will mean dividend yields of 6.3%.
Dicker Data Ltd (ASX: DDR)
Another ASX dividend share that could be a buy is Dicker Data. It is a leading technology hardware, software, cloud, and cybersecurity distributor.
The team at Morgan Stanley is bullish on the company and has an outperform rating and a $10 price target on its shares.
As for income, its analysts are forecasting fully franked dividends per share of 43.8 cents in FY 2023 and 48.8 cents in FY 2024. Based on the latest Dicker Data share price of $8, this will mean yields of 5.5% and 6.1%, respectively.
Universal Store Holdings Ltd (ASX: UNI)
A final ASX dividend share that could be a buy in August is Universal Store. It is the youth fashion retailer behind the Universal Store, Perfect Stranger, Thrills, and Worship brands.
Morgans is a fan of the retailer and has an add rating and a $4.20 price target on its shares.
In respect to dividends, the broker is expecting fully franked dividends per share of 27 cents in both FY 2023 and FY 2024. Based on the current Universal Store share price of $3.58, this will mean yields of 7.5%.
