Are you searching for ASX dividend shares to buy for your income portfolio?
If you are, check out the three listed below that are from very different sides of the market.
Here's why analysts are tipping these as buys:
Image source: Getty Images
Dalrymple Bay Infrastructure Ltd (ASX: DBI)
The first ASX dividend share that could be a buy is Dalrymple Bay Infrastructure. It is an infrastructure company and the long-term operator of Queensland's premier coal export facility, the Dalrymple Bay Coal Terminal (DBCT).
Citi is a fan of the company and has a buy rating and a $3 price target on its shares.
As for dividends, the broker is forecasting dividends per share of approximately 20.6 cents in FY 2023 and 22 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.70, this will mean very generous yields of 7.6% and 8.1%, respectively.
HomeCo Daily Needs REIT (ASX: HDN)
Another ASX dividend share that has been given the thumbs up is HomeCo Daily Needs. It is a daily needs focused property company that owns 53 convenience-based assets with 99% occupancy.
The team at Morgans is positive on the company and has an add rating and a $1.37 price target on its shares.
As for income, the broker is forecasting dividends per share of 8.3 cents in FY 2024 and then 8.5 cents in FY 2025. Based on the current HomeCo Daily Needs share price of $1.23, this will mean yields of 6.75% and 6.9%, respectively.
Transurban Group (ASX: TCL)
A final ASX dividend share that has been named as a buy is Transurban. It is a toll road operator with a portfolio of roads across Australia and North America. This includes CityLink in Melbourne and Cross City Tunnel in Sydney.
Citi is also very positive on the company and has a buy rating and a $15.90 price target on its shares.
In respect to dividends, it is forecasting dividends per share of 63.4 cents in FY 2024 and then 64.6 cents in FY 2025. Based on the current Transurban share price of $13.77, this will mean yields of 4.6% and 4.7%, respectively.
