Are you searching for ASX dividend stocks 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:
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Centuria Industrial REIT (ASX: CIP)
The first ASX dividend stock that could be a buy is Centuria Industrial. It is Australia's largest domestic pure play industrial property investment company and the owner of a portfolio of high-quality industrial assets.
UBS is bullish on the company and believes its shares are in the buy zone right now. It has a buy rating and $3.71 price target on its shares.
In respect to dividends, the broker is forecasting Centuria Industrial to pay dividends per share of 16 cents in FY 2024 and in FY 2025. Based on the current Centuria Industrial share price of $3.14, this represents yields of 5.1% in both years.
Dalrymple Bay Infrastructure Ltd (ASX: DBI)
Another ASX dividend stock that has been named as a buy is Dalrymple Bay Infrastructure. It is the long term operator of Queensland's premier coal export facility, the Dalrymple Bay Coal Terminal (DBCT).
Citi is feeling positive about the company and has a buy rating and $3.00 price target on its shares.
As for dividends, the broker expects 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 $2.74, this will mean big yields of 7.5% and 8%, respectively.
QBE Insurance Group Ltd (ASX: QBE)
A final ASX dividend stock that has been tipped as a buy is insurance giant QBE.
The team at Goldman Sachs is feeling very positive about the company and has a buy rating and $18.52 price target on its shares.
In respect to income, the broker is forecasting payouts of 59 US cents (90 Australian cents) per share in FY 2024 and then 61 US cents (93 Australian cents) per share in FY 2025. Based on the current QBE share price of $15.15, this will mean yields of 5.9% and 6.1%, respectively.
