If you're an income investor looking for ASX dividend shares to buy this week, then check out the three listed below.
They have all been named as buys by analysts and tipped to offer attractive dividend yields. Here's what you need to know about them:
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Aurizon Holdings Ltd (ASX: AZJ)
The first ASX dividend share that has been named as a buy is Australia's largest rail freight operator, Aurizon.
Macquarie sees the company as a good option for income investors right now. It has an outperform rating and a $4.04 price target on its shares.
As for dividends, the broker is forecasting partially franked dividends of 19.1 cents per share in FY 2024 and then 24.5 cents per share in FY 2025. Based on the latest Aurizon share price of $3.56, this will mean yields of 5.35% and 6.9%, respectively.
Coles Group Ltd (ASX: COL)
Another ASX dividend share that could be a buy is supermarket giant, Coles.
Citi is bullish on the company and currently has a buy rating and a $17.50 price target on its shares. It believes now could be a good time to buy as it expects "the drag from theft on gross margin will begin to materially reverse in 2H24. That's because "Coles is rolling out technology to combat theft in ~30% of the store portfolio."
In respect to dividends, the broker is forecasting fully franked dividends of 62 cents per share in FY 2024 and 69 cents per share in FY 2025. Based on the current Coles share price of $15.41, this will mean yields of 4% and 4.5%, respectively.
Rio Tinto Ltd (ASX: RIO)
A final ASX dividend share that could be a buy is mining giant Rio Tinto. That's the view of analysts at Goldman Sachs which believe its shares have a "compelling relative valuation" at present.
Goldman currently has a buy rating and a $126.50 price target on the miner's shares.
As for income, the broker is forecasting fully franked dividends per share of US$3.86 (A$6.07) in FY 2023 and then US$3.71 (A$5.84) in FY 2024. Based on the latest Rio Tinto share price of $120.42, this will mean yields of 5% and 4.85%, respectively.
