If you're an income investor looking for some new portfolio additions, then it could be worth checking out the two ASX dividend stocks listed below that are from very different sides of the market.
This could make them good options if you're wanting to diversify your portfolio.
Here's what you need to know about them:
Dalrymple Bay Infrastructure Ltd (ASX: DBI)
The first ASX dividend stock that has been named as a buy is Dalrymple Bay Infrastructure.
It is an infrastructure company and the long-term operator of the Dalrymple Bay Coal Terminal (DBCT).
Morgans is positive on the company and tipping it to pay big dividends in the near term. This is thanks partly to strong demand for coal and its position as the cheapest export route-to-market for users within its Bowen Basin catchment region.
The broker expects dividends per share of approximately 21 cents in FY 2023 and 22 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.76, this will mean yields of 7.6% and 8%, respectively.
Its analysts currently have an add rating and a $2.84 price target on the company's shares.
NIB Holdings Limited (ASX: NHF)
Another ASX dividend stock that has been named as a buy is private health insurer, NIB.
Goldman Sachs is a fan of the company. It likes NIB because it "offers defensive exposure to the private health insurance sector which is experiencing favourable operating trend."
As for dividends, Goldman expects fully franked dividends per share of 31 cents in FY 2024 and 33 cents in FY 2025. Based on the current NIB share price of $7.29, this will mean 4.25% and 4.5%, respectively.
The broker currently has a buy rating and a $8.75 price target on its shares.