If you want to boost your income portfolio, then it could be worth checking out the ASX dividend stocks listed below that analysts at Morgans rate as buys.
Here's what they are saying about them:
Dexus Industria REIT (ASX: DXI)
The first 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 forecasting dividends per share of 16.4 cents in FY 2024 and 16.7 cents in FY 2025. Based on the current Dexus Industria share price of $2.61, this will mean dividend yields of 6.3% and 6.4%, respectively.
Its analysts have an add rating and a $3.17 price target on its shares.
Healthco Healthcare and Wellness REIT (ASX: HCW)
Another ASX dividend stock that Morgans has named as a buy is Healthco Healthcare and Wellness REIT.
It is a leading health and wellness-focused real estate investment trust with a diversified portfolio that is underpinned by attractive megatrends.
As for income, Morgans is forecasting dividends per share of 8 cents in both FY 2024 and FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.42, this will mean yields of 5.6% in both years.
Morgans has an add rating and a $1.67 price target on its shares.
MotorCycle Holdings Ltd (ASX: MTO)
The team at Morgans also thinks that this leading motorcycle dealership and accessories company would be a great option for income investors.
Its analysts see significant value at current levels, highlighting that its share price "continues to screen too cheap on ~6.5x FY24F PE."
In addition to being cheap, the broker is expecting very big yields. It is forecasting the company to pay fully franked dividends per share of 20 cents in both FY 2024 and FY 2025. Based on the current MotorCycle Holdings share price of $2.08, this implies yields of 9.6%.
The broker has an add rating and a $2.60 price target on its shares.