Are you looking for some income options in November? If you are, it could be worth checking out the two ASX dividend stocks listed below that Morgans rates as buys.
Here's what you need to know about these dividend payers:
Baby Bunting Group Ltd (ASX: BBN)
This leading baby products retailer could be an ASX dividend stock to buy according to analysts at Morgans.
Although Baby Bunting had a tough time in FY 2023, the broker appears to believe that the worst is over now. This led to Morgans recently increasing its "NPAT estimates by 17% in FY24 and 7% in FY25 as a result of cost-out initiatives and higher sales assumptions."
Morgans is now forecasting fully franked dividends per share of 9.9 cents per share in FY 2024 and 12.9 cents per share in FY 2025. Based on the current Baby Bunting share price of $1.77, this will mean yields of 5.6% and 7.3%, respectively.
The broker currently has an add rating and a $2.50 price target on its shares.
Dexus Industria REIT (ASX: DXI)
Another ASX dividend stock that could be a buy is Dexus Industria. It is a real estate investment trust with a focus on industrial warehouses.
Morgans is also a fan of the company. It has previously highlighted its attractive yield and "solid underlying portfolio metrics and near/medium term growth opportunities via the development pipeline."
In respect to income, the broker is expecting 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 $2.49, this will mean dividend yields of 6.6% and 6.8%, respectively.
Its analysts have an add rating and a $3.19 price target on its shares.