If you're an income investor on the lookout for some new additions to your portfolio, then read on.
That's because listed below are three ASX dividend shares that brokers have recently been named as buys.
Here's what sort of dividend yields you can expect from them:
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Coles Group Ltd (ASX: COL)
The first ASX dividend share that analysts have named as a buy is supermarket giant Coles.
Citi remains very bullish on the company and has a buy rating and $17.50 price target on its shares.
While the broker isn't expecting an overly strong result in FY 2024, it believes solid growth is coming in FY 2025 and FY 2026.
Citi expects this to underpin fully franked dividends of 64 cents per share in FY 2024, 70 cents per share in FY 2025 and then 79 cents per share in FY 2026. Based on the current Coles share price of $15.50, this will mean yields of 4.1%, 4.5%, and 5.1%, respectively.
Healthco Healthcare and Wellness REIT (ASX: HCW)
Another ASX dividend share that analysts are feeling positive on is Healthco Healthcare and Wellness REIT.
It is a leading health and wellness-focused real estate investment trust with a high quality, diversified portfolio of assets.
The team at Morgans is positive on the company and has an add rating and $1.67 price target on its shares.
As for income, it is forecasting dividends per share of 8 cents in both FY 2024 and FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.33, this will mean yields of 6% in both years.
Stockland Corporation Ltd (ASX: SGP)
A third ASX dividend share that could be a buy according to analysts is Stockland. It is a residential and land lease developer and retail, logistics and office real estate property manager.
Citi is bullish and notes its "strong medium-term growth outlook and cheap valuation." The broker has a buy rating and $5.10 price target its shares.
As well as a cheap valuation, the broker is forecasting some big dividend yields. It expects dividends per share of 27 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $4.41, this will mean yields of 6.1% across both years.
