Why analysts love these ASX dividend shares with 6%+ yields

Here's how big their dividend yields could be in 2025 and 2026.

| More on:
A businessman hugs his computer and smiles.

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 a source of income, then it could be worth checking out the ASX dividend shares listed below.

That's because analysts are bullish on these names and expect them to provide very attractive yields in the near term. Here's what you need to know about these income options:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that could be a buy is footwear-focused retailer Accent.

The team at Bell Potter is positive on the company. The broker has previously highlighted that it likes Accent due to "continuing casual footwear trends and as sports, fitness & wellness related spending remains a priority."

Another positive is that its analysts are expecting some very attractive dividend yields in the near term. It is forecasting fully franked dividends per share of 13.7 cents in FY 2025 and then 15.6 cents in FY 2026. Based on the latest Accent share price of $2.30, this represents dividend yields of 6% and 6.8%, respectively.

Bell Potter currently has a buy rating and $2.75 price target on its shares.

Dexus Convenience Retail REIT (ASX: DXC)

Another ASX dividend share that analysts at Bell Potter are tipped as a buy is Dexus Convenience Retail REIT.

It is a convenience retail and service station property fund. Bell Potter highlights that "DXC offers a yield c.7% based on FY25 DPS guidance. While we do see asset values declining (BPe 10bp cap rate expansion), trading at a 20% discount to NTA and 10% discount to BPe NAV looks too punitive to us for a defensive sub-sector."

As for those dividends, the broker is forecasting dividends per share of 20.6 cents in FY 2025 and 21 cents in FY 2026. Based on its current share price of $2.79, this equates to yields of 7.4% and 7.5%, respectively.

Bell Potter has a buy rating and $3.30 price target on its shares.

HomeCo Daily Needs REIT (ASX: HDN)

Lastly, analysts at Morgans think that HomeCo Daily Needs could be an ASX dividend share to buy.

It is a property company with a focus on neighbourhood retail, large format retail, and health and services. HomeCo Daily Needs has a quality tenant base with over 80% either ASX-listed and/or national retailers.

Morgans believes the company is in a position to provide big dividend yields in the coming years. It is forecasting dividends per share of 8.5 cents in FY 2025 and then 8.7 cents in FY 2026. Based on the current HomeCo Daily Needs share price of $1.15, this will mean yields of 7.4% and 7.6%, respectively.

The broker currently has an add rating and $1.36 price target on its shares.

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 and HomeCo Daily Needs REIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

A woman wearing glasses and a black top smiles broadly as she stares at a money yarn full of coins representing the rising JB Hi-Fi share price and rising dividends over the past five years
How to invest

How much do I need to invest in ASX shares for $20,000 a year in passive income?

We look at three top ASX dividend shares to earn a $20,000 annual passive income stream.

Read more »

A happy elderly woman smiles and cheers as she looks at good investment news on her laptop.
Retirement

3 ASX dividend shares paying more than the pension in retirement

How much money would you need to have invested to receive more in ASX dividends than the pension?

Read more »

A happy older couple relax in a hammock together as they think about enjoying life with a passive income stream.
Dividend Investing

Here's why I own these 3 ASX dividend shares for passive income

These companies pay me handsomely to own them.

Read more »

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
Dividend Investing

With a yield of 6.9%, how much upside does Macquarie tip for APA Group shares?

Let's see what the broker is saying about this high-yield dividend stock.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Dividend Investing

Buy Telstra and this top ASX dividend stock

Brokers have given the thumbs up to these income options this week.

Read more »

A woman wearing glasses and a black top smiles broadly as she stares at a money yarn full of coins representing the rising JB Hi-Fi share price and rising dividends over the past five years
Dividend Investing

Why I think these 2 ASX dividend shares offer great buying right now

These stocks offer potential for major dividend income.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

Buy these excellent ASX dividend stocks for a big income boost

Brokers think these stocks could be top picks for income investors.

Read more »

A smartly-dressed businesswoman walks outside while making a trade on her mobile phone.
Dividend Investing

Here's the Telstra dividend forecast through to 2028

Let's see where the telco giant's dividend could be heading.

Read more »