Analysts name 3 ASX dividend stocks to buy

What are analysts expecting from these dividend shares?

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Are you looking for ASX dividend stocks to buy for an income boost?

If you are, then it could be a good idea to check out the three listed below that analysts rate highly.

Here's what they are expecting from these dividend shares:

Dexus Industria REIT (ASX: DXI)

The first ASX dividend stock that could be a buy is Dexus Industria. It is a real estate investment trust which primarily invests in high-quality industrial warehouses.

Morgans is expecting some big yields in the near term. It is forecasting dividends per share of 16.4 cents in FY 2024 and 17 cents in FY 2025. Based on the current Dexus Industria share price of $2.61, this will mean dividend yields of 6.3% and 6.5%, respectively.

The broker has an add rating and a $3.19 price target on its shares.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend stock that could be a buy is HomeCo Daily Needs. As its name implies, this property company invest in daily needs assets. These are assets such as neighbourhood retail, large format retail, and health and services.

Morgans is also a fan of the company and is forecasting even bigger dividend yields than Dexus Industria. It is expecting dividends per share of 8.3 cents in FY 2024 and then 8.5 cents in FY 2025. Based on the current HomeCo Daily Needs share price of $1.17, this will mean yields of 7.1% and 7.3%, respectively.

Morgans has an add rating and a $1.39 price target on its shares.

Transurban Group (ASX: TCL)

A final ASX dividend stock that analysts are positive on is Transurban. It manages and develops urban toll road networks in Australia and North America.

Citi is bullish and is expecting dividends per share of 63.4 cents in FY 2024 and 64.6 cents in FY 2024. Based on the current Transurban share price of $12.71, this will mean yields of 5% and 5.1%, respectively.

Citi has a buy rating and a $15.90 price target on its shares

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has recommended HomeCo Daily Needs REIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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