Pleasingly for income investors, the ASX is not short of dividend-paying shares.
But which could be buys? Well, two ASX dividend stocks that analysts at Citi think could be good options this month are listed below. Here's what you need to know about them:
Charter Hall Retail REIT (ASX: CQR)
The first ASX dividend stock that could be a buy is the Charter Hall Retail REIT. It invests in high-quality Australian supermarket-anchored convenience and convenience-plus shopping centres.
Citi is positive on the company and has a buy rating and a $4.50 price target on its shares.
The broker rates the Charter Hall Retail REIT highly due to its "defensive net property income growth despite rising interest rate profile." It also highlights its "undemanding" valuation.
As for income, Citi is expecting some very big yields in the near term. It expects the company to pay dividends of 26 cents per share in FY 2024 and 27 cents per share in FY 2025. Based on the current Charter Hall Retail share price of $3.07, this will mean 8.5% and 8.8% dividend yields, respectively, for investors.
Lottery Corporation Ltd (ASX: TLC)
Another ASX dividend stock that Citi rates highly is Lottery Corporation. It is the lottery company behind OZ Lotto, Powerball, and Keno.
The broker is a fan of Lottery Corporation due to its defensive qualities and recent price increases. Its analysts believe the market "underestimates the uplift to the contribution margin" from the latter.
Citi has a buy rating and a $5.70 price target on its shares.
In respect to dividends, the broker is forecasting an 18 cents per share dividend in FY 2024 and FY 2025. Based on the latest Lottery Corporation share price of $4.62, this will mean fully franked yields of 3.9% in both years.
