Investors that are looking for income options might want to check out the three ASX dividend shares listed below that analysts are recommending as buys.
Here's what you need to know about them:
Coles Group Ltd (ASX: COL)
The first ASX dividend share that could be a buy is Coles. It is of course one of the big two supermarket operators in Australia.
Morgans is very positive on the company and has an add rating and a $19.85 price target on its shares.
In respect to dividends, the broker is forecasting fully franked 66 cents per share dividends in both FY 2023 and FY 2024. Based on the current Coles share price of $18.15, this will mean yields of 3.6% in both years.
Healthco Healthcare and Wellness REIT (ASX: HCW)
Another ASX dividend share that could be a buy is Healthco Healthcare and Wellness REIT. It is a health and wellness-focused real estate investment trust.
Morgans is also feeling positive about this company. It has an add rating and a $1.72 price target on its shares.
As for dividends, the broker is forecasting dividends per share of 7.6 cents in FY 2023 and 8 cents in FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.37, this will mean yields of 5.5% and 5.8%, respectively.
Telstra Group Ltd (ASX: TLS)
A final ASX dividend share that could be a buy is Australia's leading telecommunication company Telstra.
The team at Goldman Sachs is positive on the company and has a buy rating and a $4.80 price target on its shares.
As for income, the broker is forecasting fully franked dividends of 17 cents per share in FY 2023 and then 18 cents per share in FY 2024. Based on the current Telstra share price of $4.26, this equates to fully franked yields of 4% and 4.2%, respectively.
