If you're an income investor on the lookout for some new ASX dividend shares, then it could be worth hearing what analysts are saying about the three listed below.
Here's what they are saying about them:
Centuria Industrial REIT (ASX: CIP)
The first ASX dividend share that has been named as a buy is Centuria Industrial.
It is Australia's largest domestic pure-play industrial property investment vehicle with a portfolio of high-quality, fit-for-purpose industrial assets.
Macquarie is a fan of the company. It has an outperform rating and a $3.41 price target on its shares.
As for dividends, the broker is expecting Centuria Industrial to pay dividends per share of 16 cents in FY 2024 and 16.5 cents in FY 2025. Based on the current Centuria Industrial share price of $3.02, this represents yields of 5.3% and 5.45%, respectively.
Stockland Corporation Ltd (ASX: SGP)
Another ASX dividend share to buy according to analysts is Stockland.
Citi currently has a buy rating and a $5 price target on Australia's largest community creator.
In respect to dividends, the broker is forecasting dividends per share of 27 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $3.98, this will mean yields of 6.8% in both financial years.
Super Retail Group Ltd (ASX: SUL)
A final ASX dividend share that has been named as a buy is retailer Super Retail.
Morgans is positive on Super Retail and has an add rating and a $15 price target on its shares.
As for dividends, Morgans is forecasting fully franked dividends per share of 89 cents in FY 2024 and 73 cents in FY 2025. Based on the latest Super Retail share price of $13.38, this will mean generous yields of 6.6% and 5.45%, respectively.
