3 ASX dividend shares to buy this month

Analysts think that income investors should check out these dividend stocks in December.

| More on:
Middle age caucasian man smiling confident drinking coffee at home.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you're searching for ASX dividend shares to buy for a passive income in December, then the two listed below could be worth looking at.

Both have been tipped as buys with plenty of upside potential and attractive future yields.

Here's what you need to know about them:

Charter Hall Retail REIT (ASX: CQR)

The first ASX dividend share to look at is Charter Hall Retail. It is a supermarket-anchored neighbourhood and sub-regional shopping centre-focused property company.

Citi is very positive on the company and has previously highlighted its "defensive net property income growth despite rising interest rate profile."

As for income, Citi is expecting the company to be in a position to pay dividends per share of 26 cents in FY 2024 and then 27 cents in FY 2025. This will mean very generous yields of 8.1% and 8.4%, respectively, for investors.

Citi has a buy rating and a $4.10 price target on its shares.

Westpac Banking Corp (ASX: WBC)

Another ASX dividend share that could provide investors with a big yield is Westpac.

For example, Ord Minnett is expecting the big four bank to reward shareholders with a fully franked dividends of 145 cents per share in FY 2024 and 151 cents per share in FY 2025.

Based on the current Westpac share price of $21.37, this will mean attractive dividend yields of 6.8% and 7%, respectively.

Ord Minnett has an accumulate rating and a $28 price target on its shares.

Woodside Energy Group Ltd (ASX: WDS)

A final ASX share that analysts are expecting a big dividend yield from is Woodside Energy.

A note out of Goldman Sachs reveals that its analysts "see long-term value in WDS" at current levels.

As for income, the broker is expecting the energy giant to pay fully franked dividends of US$1.20 per share in FY 2023 and US$1.27 per share in FY 2024. Based on the current Woodside share price of $31, this equates to 5.9% and 6.2% dividend yields for investors.

Goldman also sees plenty of upside for the Woodside share price over the next 12 months. It currently has a buy rating and a $36.30 price target.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

A happy, smiling man stretches out among yellow daisies in the green grass, dreaming of success.
Share Market News

How I'd invest monthly savings to generate over $50,000 passive income

This is how modest monthly investing could turn into serious passive income.

Read more »

Woman on a swing at a beach, symbolising passive income.
Dividend Investing

Passive income: How to earn safe dividends with just $20,000

The best dividend stocks tend to share these traits...

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Dividend Investing

Own VTS ETF? It's a great day for you!

This exchange-traded fund seeks to mirror the performance of the entire US stock market.

Read more »

A man looks at his laptop waiting in anticipation.
Dividend Investing

A 3.5% ASX dividend stock paying cash every month

Some monthly divided stocks are more equal than others.

Read more »

A man smiles as he holds bank notes in front of a laptop.
Dividend Investing

3 of the best ASX dividend stocks to buy now

Let's see which dividend stocks analysts are tipping as buys.

Read more »

Close-up of a business man's hand stacking gold coins into piles on a desktop.
Dividend Investing

3 great ASX dividend shares to buy in 2026

These are the types of dividend investments that Australians should look at.

Read more »

Happy young woman saving money in a piggy bank.
Dividend Investing

2 ASX income stocks with 6% dividend yields I would buy

High yields only matter if the income can be maintained. These two ASX stocks offer visible cash flows and dependable…

Read more »

A man wearing a suit and holding a colourful umbrella over his head purses his lips as though he has just found out some interesting news.
Financial Shares

Looking at the IAG share price? Here's how much this stock pays in dividends

Despite a rough year, 2025 saw IAG hike its dividends substantially.

Read more »