If you're an income investor looking for dividend shares to buy, then you might want to read on.
That's because listed below are two top ASX dividend shares that brokers are recommending as buys with great forecast yields.
Here's what you need to know about them:
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Accent Group Ltd (ASX: AX1)
Bell Potter has responded to this footwear retailer's half-year results by retaining its buy rating with a $2.50 price target on its shares. The broker commented:
We remain constructive on AX1 given the scale & exposure in terms of channels, brands & size as the overall industry navigates a challenging retail spend environment in addition to growing a vertical brand strategy (~8% on owned sales) and growth adjacencies within TAF & via exclusive partnerships with globally winning brands as Hoka.
As for income, Bell Potter is forecasting fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the current Accent share price of $1.94, this represents sizeable dividend yields of 6.7% and 7.5%, respectively, for investors.
Endeavour Group Ltd (ASX: EDV)
Goldman Sachs remains positive on this drinks giant following its half-year results release on Monday. The broker has put a buy rating and $6.00 price target on the Dan Murphy's owner's shares this morning. Its analysts said:
We believe EDV is trading at a relatively attractive valuation, with potential downside from EGM tax changes already fully priced in. We are Buy rated on EDV.
In respect to dividends, the broker is forecasting fully franked dividends per share of 22 cents in both FY 2024 and FY 2025. Based on the current Endeavour share price of $5.08, this represents attractive dividend yields of 4.3% for investors.
