If you're on the lookout for new income portfolio additions, then take a look at the ASX dividend shares listed below.
They have recently been named as buys by analysts and are tipped to provide good yields. Here's what you need to know:
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BHP Group Ltd (ASX: BHP)
The first ASX dividend share that could be a buy is BHP. It is of course the mining giant behind world-class operations such as WAIO, Olympic Dam, and Escondida.
Goldman Sachs is positive on the miner and has a buy rating and a $45.80 price target on its shares.
The broker is also expecting some attractive dividend yields from the Big Australian's shares in the near term. It is forecasting fully franked dividends per share of US$1.19 in FY 2024 and then US$1.06 in FY 2025. Based on the latest BHP share price of $43.30 (and current exchange rates), this will mean yields of 4.3% and 3.8%, respectively.
Stockland Corporation Ltd (ASX: SGP)
The team at Citi thinks that Stockland could be an ASX dividend share to buy right now. Its analysts have a buy rating and a $4.60 price target on Australia's largest community creator.
In addition, the broker is expecting the company's shares to generate some very big dividend yields in the near term. It has pencilled in dividends per share of 27 cents in both FY 2024 and FY 2025. Based on the current Stockland share price of $3.94, this will mean yields of 6.85%.
Transurban Group (ASX: TCL)
Over at UBS, its analysts believe that Transurban would be a good ASX dividend share to buy. This leading toll road operator owns a collection of important roads such as CityLink in Melbourne and the Cross City Tunnel in Sydney.
The broker remains positive on the company despite its recent ACCC EastLink blow and has put a buy rating and $15.35 price target on its shares.
As for dividends, its analysts are forecasting dividends per share of 64 cents in FY 2024 and then 66 cents in FY 2025. Based on the current Transurban share price of $12.84, this will mean yields of 5% and 5.15%, respectively.
