If you're in the market for some ASX dividend stocks, then it could be worth taking a look at the two listed below.
Here's why analysts have just tipped them as buys:
DEXUS Property Group (ASX: DXS)
The first ASX dividend stock to look at is Dexus. This property company has a focus on owning, managing, and developing office, industrial and retail assets.
Among its high-quality portfolio are a logistics facility leased to Australia Post, Atlassian Central in Haymarket, and the Rialto Towers in Melbourne.
Macquarie is positive on the company and feels that its shares are undervalued at the current level. In addition, the broker is forecasting some big yields from its shares.
The broker expects dividends per share of approximately 51 cents in FY 2023 and 52 cents in FY 2024. Based on the current Dexus share price of $8.01, this will mean yields of 6.4% and 6.5%, respectively.
Macquarie currently has an outperform rating and a $9.32 price target on the company's shares.
Transurban Group (ASX: TCL)
Another ASX dividend stock that could be a buy is Transurban. It is a leading toll road operator with a collection of key roads across several Australia and North America.
This includes CityLink in Melbourne, the Cross City Tunnel in Sydney, AirportlinkM7 in Brisbane, and 95 Express Lanes in the United States.
Traffic has been booming on its roads again this year, with Transurban revealing record volumes during the first half of FY 2023. This bodes well for the future, especially given the company's inflation-linked price increases.
Analysts at Citi believe its shares are "providing attractive value" at current levels and have a buy rating and $16.20 price target on them.
Whereas for income, Citi is expecting dividends per share of 58 cents in FY 2023 and then 62 cents in FY 2024. Based on the current Transurban share price of $13.96, this will mean yields of 4.15% and 4.4%, respectively.
