There are a lot of ASX dividend stocks to choose from on the local share market.
But which ones could be good options for income investors right now?
Well, two that analysts are saying good things about are listed below. Here's why they could be in the buy zone:
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QBE Insurance Group Ltd (ASX: QBE)
The first ASX dividend stock that analysts are positive on is insurance giant QBE. Goldman Sachs is tipping the company's shares as a buy with an $18.09 price target.
The broker likes QBE because it believes that rates "earned over the next 12 months will likely be well ahead of moderating inflation to offset reinsurance / perils cost pressure and likely support improving underlying trends."
In respect to dividends, the broker expects the above to underpin payouts of 42 US cents per share in FY 2023 and 60 US cents per share in FY 2024. Based on the current QBE share price of $15.02, this will mean yields of 4.3% and 6.2%, respectively.
Tourism Holdings Ltd (ASX: THL)
Another ASX dividend stock that has been given a buy rating by analysts is Tourism Holdings. Morgans currently has an add rating and a $5.02 price target on the shares of the world's largest commercial recreational vehicle rental operator.
The broker believes its shares are too cheap based on its earnings estimates. It highlights that "THL is trading on a recovery year (FY25) PE of only 9.3x, which is attractively priced for a global, market leader."
Morgans is also forecasting some attractive dividend yields in the near term. It expects dividends per share of 15 cents in FY 2024 and 17.6 cents in FY 2025. Based on the current Tourism Holdings share price of $3.20, this would mean yields of 4.7% and 5.5%, respectively.
