Are you searching for ASX dividend stocks to buy for your income portfolio?
If you are, check out the three listed below that are from very different sides of the market.
Here’s why analysts are tipping these as buys:
Centuria Industrial REITÂ (ASX: CIP)
The first ASX dividend stock that could be a buy is Centuria Industrial. It is Australia’s largest domestic pure play industrial property investment company and the owner of a portfolio of high-quality industrial assets.
UBS is bullish on the company and believes its shares are in the buy zone right now. It has a buy rating and $3.71 price target on its shares.
In respect to dividends, the broker is forecasting Centuria Industrial to pay dividends per share of 16 cents in FY 2024 and in FY 2025. Based on the current Centuria Industrial share price of $3.14, this represents yields of 5.1% in both years.
Dalrymple Bay Infrastructure Ltd (ASX: DBI)
Another ASX dividend stock that has been named as a buy is Dalrymple Bay Infrastructure. It is the long term operator of Queensland’s premier coal export facility, the Dalrymple Bay Coal Terminal (DBCT).
Citi is feeling positive about the company and has a buy rating and $3.00 price target on its shares.
As for dividends, the broker expects dividends per share of approximately 20.6 cents in FY 2023 and 22 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.74, this will mean big yields of 7.5% and 8%, respectively.
QBE Insurance Group Ltd (ASX: QBE)
A final ASX dividend stock that has been tipped as a buy is insurance giant QBE.
The team at Goldman Sachs is feeling very positive about the company and has a buy rating and $18.52 price target on its shares.
In respect to income, the broker is forecasting payouts of 59 US cents (90 Australian cents) per share in FY 2024 and then 61 US cents (93 Australian cents) per share in FY 2025. Based on the current QBE share price of $15.15, this will mean yields of 5.9% and 6.1%, respectively.
The post 3 ASX dividend stocks to boost your income portfolio in 2024 appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now…
See The 5 Stocks
*Returns as of 10 November 2023
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- Where I’d invest $3,000 into ASX dividend shares in January
- Buy these 3 ASX dividend stocks for an income boost
- Leading brokers name 3 ASX shares to buy today
- 5 things to watch on the ASX 200 on Monday
- Buy these high yield ASX dividend shares next week
Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
from The Motley Fool Australia https://ift.tt/6aLKSzw
Leave a Reply