Analysts say these ASX All Ords dividend stocks are buys in March

The great news for income investors is that there are plenty of ASX All Ords dividend stocks to choose from on the Australian share market.

But which ones could be buys in March?

Let’s take a look at two that have been named as buys this month:

Dexus Convenience Retail REIT (ASX: DXC)

Dexus Convenience Retail REIT could be an ASX All Ords dividend stock to buy in March.

It is a real estate investment trust that owns high quality service stations and convenience retail assets.

The team at Bell Potter thinks the company is a buy. Its analysts highlight that they “see clear price discovery for DXC where there have been 53 petrol station transactions in CY23, proving up book value.”

The broker has a buy rating and $3.00 price target on its shares.

Bell Potter is forecasting dividends per share of 20.7 cents in FY 2024 and 21.7 cents in FY 2025. Based on its current share price of $2.70, this equates to yields of 7.7% and 8%, respectively.

Transurban Group (ASX: TCL)

Transurban could be another ASX All Ords dividend stock to buy now. It is the toll road operator behind roads such as CityLink and Cross City Tunnel.

Citi currently has a buy rating and $15.90 price target on Transurban’s shares.

In addition, its analysts “believe TCL’s FY24 DPS guidance of 62c is conservative.” Instead, the broker is forecasting dividends per share of 63 cents in FY 2024 and then 65 cents in FY 2025. Based on the current Transurban share price of $13.45, this will mean yields of 4.7% and 4.8%, respectively.

The post Analysts say these ASX All Ords dividend stocks are buys in March appeared first on The Motley Fool Australia.

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More reading

• Bell Potter says these ASX 200 stocks are strong buys for March
• 2 buy-rated ASX dividend stocks for income investors in March
• 2 ASX 200 dividend shares that could be strong buys this month
• 3 all-star ASX dividend stocks I’d own in retirement to combat falling interest rates
• 5 ASX 200 shares that boosted their dividends this earnings season

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 Transurban 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.

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