If you're an income investor looking for some new additions, then it could be worth checking out the two ASX dividend stocks listed below.
They may be from very different sides of the market, but one thing they share in common is that they are forecast to provide attractive dividend yields.
This could make them good options if you're wanting to diversify your portfolio. Here's what you can expect from these buy-rated shares:
BHP Group Ltd (ASX: BHP)
The first ASX dividend stock that could be a buy according to analysts is BHP.
It is of course one of the world's largest miners with a high-quality portfolio of assets across several commodities and geographies.
In respect to income, the team at Macquarie is expecting this mining giant to provide investors with attractive dividend yields in the near term. It is forecasting fully franked dividends of ~$2.08 per share in FY 2024 and then $2.52 per share in FY 2025.
Based on the current BHP share price of $47.51, this will mean dividend yields of 4.4% and 5.3%, respectively.
Macquarie has an outperform rating and a $50 price target on BHP's shares.
Charter Hall Retail REIT (ASX: CQR)
Another ASX dividend stock that could be a buy is the Charter Hall Retail REIT.
This property company with a focus on supermarket-anchored neighbourhoods and sub-regional shopping centres.
The team at Citi is positive on the company due to its "undemanding" valuation and "defensive net property income growth despite rising interest rate profile."
As for dividends, Citi expects the company to pay dividends of 26 cents per share in FY 2024 and 27 cents per share in FY 2025. Based on the current Charter Hall Retail share price of $3.49, this will mean yields of 7.45% and 7.7%, respectively.
Citi has a buy rating and a $4.10 price target on its shares.