If you're an income investor on the lookout for new portfolio additions, then take a look at the ASX dividend stocks listed below.
They have recently been named as buys and tipped to provide attractive yields. Here's what you need to know:
Aurizon Holdings Ltd (ASX: AZJ)
The first ASX dividend stock that could be a buy is Aurizon. It is Australia's largest rail freight operator.
Macquarie is a fan of the company and has an outperform rating and a $4.04 price target on its shares.
In addition, the broker is expecting some generous dividend yields from its shares. It is forecasting partially franked dividends of 18.4 cents per share in FY 2024 and then 25.1 cents per share in FY 2025. Based on the latest Aurizon share price of $3.51, this will mean yields of 5.2% and 7.15%, respectively.
Charter Hall Group (ASX: CHC)
Another ASX dividend stock that has been tipped as a buy is Charter Hall. It is a property fund manager and developer across the office, retail, industrial and residential sectors.
The team at Citi is positive on the company. Its analysts have a buy rating and a $14 price target on its shares.
As for dividends, the broker is forecasting dividends per share of 45 cents in FY 2024 and 48 cents in FY 2025. Based on the current Charter Hall share price of $9.23, this will mean yields of 4.9% and 5.2%, respectively.
Super Retail Group Ltd (ASX: SUL)
A third ASX dividend stock that could be a buy is Super Retail. It is the retailer behind popular brands such as BCF, Rebel, and Super Cheap Auto.
Morgans currently has an add rating and a $15 price target on its shares.
In respect to income, the broker is forecasting fully franked dividends per share of 89 cents in FY 2024 and then 73 cents in FY 2025. Based on the latest Super Retail share price of $11.50, this will mean generous yields of 7.7% and 6.3%, respectively.
