If you're looking to make some new additions to your income portfolio this month, then it could be worth checking out the ASX dividend stocks listed below.
That's because analysts at Citi are currently tipping them as buys and forecasting attractive yields. Here's what they are saying about them:
Charter Hall Retail REIT (ASX: CQR)
The first ASX dividend stock for income investors to check out is the Charter Hall Retail REIT.
Citi is positive on this supermarket anchored neighbourhood and sub-regional shopping centre markets-focused property company. The broker highlights that Charter Hall Retail REIT has "defensive net property income growth despite rising interest rate profile.'
It is expecting this to underpin dividends of 25 cents per share in both FY 2024 and FY 2025. This will mean very generous yields of 6.7% for investors.
Citi currently has a buy rating and a $4 price target on its shares.
Coles Group Ltd (ASX: COL)
Another ASX dividend stock that could be a buy is Coles.
It is one of the big two supermarket operators with over 800 supermarkets and also over 900 liquor retail stores.
However, Coles isn't resting on its laurels. As well as growing its network further, the company is aiming to make its operations more efficient. This is through cost cutting, its focus on automation with Ocado, and anti-theft technology.
Citi is feeling positive about the company's outlook and has a buy rating and a $17.50 price target on its shares. It is also forecasting fully franked dividends per share of 64 cents in FY 2024 and 70 cents in FY 2025. Based on the current Coles share price of $15.95, this implies yields of 4% and 4.4%, respectively.
