Buy these ASX dividend stocks for an income boost

Which ASX dividend stocks could be good options for investors looking for an income boost?

Let’s take a look at a couple that have recently been given the seal of approval by analysts. They are as follows:

Centuria Industrial REIT (ASX: CIP)

The first ASX dividend share that could be a buy according to analysts is Centuria Industrial.

It is Australia’s largest domestic pure play industrial property investment company with a portfolio of high-quality industrial assets across the country.

UBS is positive on the company and recently retained its buy rating and $3.71 price target on its shares.

The broker also continues to forecast attractive dividend yields from its shares. It is forecasting the company to pay dividends per share of 16 cents in both FY 2024 and in FY 2025. Based on the current Centuria Industrial share price of $3.54, this represents yields of 4.5% in both years.

Deterra Royalties Ltd (ASX: DRR)

Another ASX dividend stock that analysts are positive on is Deterra Royalties.

It is focused on the management and growth of a portfolio of royalty assets across a range of commodities. This includes royalties held over its cornerstone asset, Mining Area C, in the Pilbara region of Western Australia.

The team at Morgan Stanley is feeling very positive about the company despite an admittedly softer than expected first-half performance. Last month, it put an overweight rating and $5.65 price target on its shares.

As for income, the broker is expecting Deterra Royalties to pay some big dividends in the near term. It is forecasting fully franked dividends per share of 37 cents in FY 2024 and 34 cents in FY 2025. Based on the current Deterra Royalties share price of $4.70, this will mean yields of 7.9% and 7.2%, respectively.

The post Buy these ASX dividend stocks for an income boost appeared first on The Motley Fool Australia.

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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 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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