ASX income stream: 2 top dividend shares to own for decades

MotleyFool10-03

If you're an income investor looking for portfolio additions that you can buy and hold, then it could be worth checking out the two ASX dividend shares listed below. Here's why analysts at Morgans are...

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The first ASX dividend share to look at is Accent Group. It is a leading leisure footwear retailer operating through a very large number of store brands.It could be a good long-term option for investors due to its domination of the Australian market, its international expansion opportunities, and management's ability to launch and grow new brands from scratch.As for income, its analysts are forecasting fully franked dividends per share of 14 cents in FY 2025 and then 15 cents in FY 2026. Based on its current share price of $2.25, this will mean dividend yields of 6.2% and 6.7%, respectively.In respect to dividends, the broker is forecasting a 19 cents","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"AX1.AU":"ACCENT GROUP LTD","BK7021":"服装零售","TLC.AU":"Lottery Corporation Limited","BK7078":"赌场与赌博"},"translate_title":"澳大利亚证券交易所收入流：数十年来值得持有的2只股息最高的股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AX1.AU":1,"TLC.AU":1},"content_text":"If you're an income investor looking for portfolio additions that you can buy and hold, then it could be worth checking out the two ASX dividend shares listed below.\nHere's why analysts at Morgans are feeling very positive about them right now:\nAccent Group Ltd (ASX: AX1)\nThe first ASX dividend share to look at is Accent Group. It is a leading leisure footwear retailer operating through a very large number of store brands.\nIt could be a good long-term option for investors due to its domination of the Australian market, its international expansion opportunities, and management's ability to launch and grow new brands from scratch.\nMorgans is a fan of the company and has an add rating and $2.40 price target on its shares. It recently commented:\n\nAX1 achieved positive growth in sales in FY24, despite the challenging retail environment and a poor wholesale performance. Earnings were down yoy due to sales growth tracking below the rate of cost inflation (as well as material non-recurring costs relating to Glue), but this was in line with the guidance given in July. An improving retail and wholesale sales trajectory, moderating cost inflation and the elimination of some of the losses in Glue, will combine to see earnings recover in FY25.\n\nAs for income, its analysts are forecasting fully franked dividends per share of 14 cents in FY 2025 and then 15 cents in FY 2026. Based on its current share price of $2.25, this will mean dividend yields of 6.2% and 6.7%, respectively.\nLottery Corporation Ltd (ASX: TLC)\nAnother ASX dividend share to consider as a long term option is Lottery Corporation.\nIt is the owner and operator of popular lottery brands such as Powerball and Oz Lotto. It also owns the Keno brand.\nPeople have been gambling on lotteries since as far back as the Roman Empire. So, it is safe to say that they are not going away any time soon. And as the leader in the Australian market with strong pricing power, Lottery Corporation appears well-placed for the future.\nMorgans recently put an add rating and $5.40 price target on its shares. It recently commented:\n\nTLC's FY24 result was impressive, driven by a favourable year for Lotteries and strong active customer growth. Despite lapping a record period of growth in Lotteries, we remain positive on the stock as current lottery volumes continue to perform well. The company mentioned that Saturday Lotto will be the next game to receive an update, which should benefit the base game divisions significantly and likely come with a price increase, offsetting some recent softness. Additionally, TLC reported a leverage ratio of 2.5x, below the guided range of 3-4x, and has expressed interest in renewing the VIC licence. Based on our estimates, TLC is set to deliver a 4.5% FCF yield and a 4% [now 3.8%] dividend yield in FY25. The stock trades in line with its historical valuation ranges and we view it as a solid option for investors seeking stability.\n\nIn respect to dividends, the broker is forecasting a 19 cents per share dividend in both FY 2025 and FY 2026. Based on the latest Lottery Corporation share price of $5.04, this will mean fully franked yields of 3.8%.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472077545"}