If you're an income investor searching for some ASX dividend shares to add to your portfolio, then it could be worth looking at the two listed below.
Here's what you need to know about them:
Image source: Getty Images
Accent Group Ltd (ASX: AX1)
The first ASX dividend share that investors might want to get better acquainted with is Accent. It is a leading footwear-focused retailer with over 800 stores, 34 brands, and over 35 online platforms. Among its store brands are Article One, Glue Store, HYPEDC, Platypus, Sneaker Lab, Stylerunner, and The Athlete's Foot.
The team at Bell Potter is bullish on Accent and is expecting some big dividend yields in the near term.
For example, its analysts are forecasting fully franked dividends per share of 12 cents in FY 2024 and then 14.1 cents in FY 2025. Based on the latest Accent share price of $1.92, this represents yields of 6.25% and 7.3%, respectively.
Bell Potter has a buy rating and a $2.50 price target on its shares.
Vanguard Australian Shares Index ETF (ASX: VHY)
Another ASX dividend share to look at is actually an ETF. But one that provides income investors with access to a large number of dividend payers. This could make it a great option if you don't like stock picking or want to build a diverse portfolio with minimal effort.
At present, the Vanguard Australian Shares High Yield ETF offers investors low-cost exposure to a group of 70+ ASX shares that have higher forecast dividends relative to the market average. This includes dividend giants such as BHP Group Ltd (ASX: BHP) and Commonwealth Bank of Australia (ASX: CBA).
In respect to income, the ETF currently trades with a trailing dividend yield of 4.9%.
