Are you wanting to bolster your income portfolio with some ASX dividend stocks?
If you are, then it could be worth checking out the three listed below that brokers are tipping as buys. Here's what they are forecasting from them:
Cedar Woods Properties Ltd (ASX: CWP)
The first ASX dividend stock that could be a buy is Cedar Woods. It is a leading Australian property developer with a focus on residential communities and commercial projects.
The team at Bell Potter is positive on the company. This is partly due to its belief that Cedar Woods is well-positioned for sustained growth thanks to its diversified development pipeline and improving industry conditions.
As for income, Cedar Woods is expected to pay fully franked dividends of 28 cents per share in FY 2025 and then 32 cents per share in FY 2026. Based on the current share price of $6.54, this equates to dividend yields of 4.3% and 4.9%, respectively.
Bell Potter currently has a buy rating and $7.30 price target on its shares.
Dicker Data Ltd (ASX: DDR)
Another ASX dividend stock that has been named as a buy is Dicker Data.
It is a technology distributor that supplies software, hardware, cloud, and cybersecurity solutions across Australia.
UBS remains positive on the company despite its softer than expected start to FY 2025 and sees value in its shares at current levels.
In respect to dividends, the broker is forecasting fully franked payouts of 45 cents per share in FY 2025 and then 51 cents in FY 2026. Based on its current share price of $8.14, this equates to dividend yields of 5.5% in 2025 and 6.3%, respectively.
UBS currently has a buy rating and $9.30 price target on its shares.
Elders Ltd (ASX: ELD)
Finally, Elders could be an ASX dividend stock to buy. It is a leading agribusiness company that provides expert advice and services to Australian farmers across a wide range of agricultural products.
Bell Potter is also a big fan of Elders and thinks its shares are seriously undervalued at present.
In addition, it is expecting attractive dividend yields in the near term. The broker is forecasting fully franked dividends of 36 cents per share in FY 2025 and then 43 cents per share in FY 2026. Based on the current share price of $6.30, this would mean dividend yields of 5.7% and 6.8%, respectively.
Bell Potter has a buy rating and $9.10 price target on its shares.
