If you're looking for robust passive income options in the current uncertain economic environment, then you may want to look at these ASX dividend stocks listed below.
That's because they both have defensive qualities and attractive dividend yields.
Here's what analysts are expecting from them:
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Aurizon Holdings Ltd (ASX: AZJ)
The first ASX dividend stock that could be a buy is Aurizon.
It is Australia's largest rail freight operator. Each year, Aurizon transports over 250 million tonnes of Australian commodities, connecting miners, primary producers, and industry with international and domestic markets.
Macquarie is a fan of the company and is expecting it to pay attractive dividends in the coming years.
The broker is forecasting partially franked dividends of 14.8 cents per share in FY 2023 and then 19.8 cents per share in FY 2024. Based on the latest Aurizon share price of $3.90, this will mean yields of 3.8% and 5.1%, respectively.
Macquarie has an outperform rating and a $4.05 price target on its shares.
Lottery Corporation Ltd (ASX: TLC)
Another ASX dividend stock that has been named as a buy is Lottery Corp.
It is Australia's leading lotteries company and the name behind Oz Lotto and Powerball. It spun out of Tabcorp Holding Limited (ASX: TAH) last year.
Citi is a fan of the company. This is due to its defensive qualities and recent price increases and commission reductions. In respect to the latter, the broker believes "the market underestimates the uplift to the contribution margin following the increase in the commission rate and cut to third party digital commissions."
As for dividends, Citi is forecasting a 15 cents per share dividend in FY 2023 and 18 cents per share dividend in FY 2024. Based on the current Lottery Corp share price of $5.19, this will mean fully franked yields of approximately 2.9% and 3.5%, respectively.
Citi has a buy rating and a $5.70 price target on its shares.
