If you want some decent dividend yields then look no further than the two ASX dividend stocks named below.
That's because brokers expect these buy-rated shares to provide investors with growing (and attractive) yields over the next couple of years. Here's what analysts are forecasting:
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Coles Group Ltd (ASX: COL)
The first ASX dividend stock that could be a buy is supermarket giant Coles.
Citi is feeling positive about the company's outlook and is predicting meaningful margin expansion in the second half as the company rolls out new technology to combat theft. In addition, with the company focusing on making its operations more efficient through automation, there could be more of this in the future.
It is partly for this reason that Citi is 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 $15.83, this implies yields of 4% and 4.4%, respectively.
The broker has a buy rating and $17.50 price target on its shares.
Dexus Industria REIT (ASX: DXI)
Another ASX dividend stock that has been tipped as a buy is Dexus Industria.
Morgans is a fan of the industrial property company. It likes the company due to its attractive yield and "solid underlying portfolio metrics and near/medium term growth opportunities via the development pipeline."
Its analysts are expecting the latter to support the payment of dividends per share of 16.4 cents in FY 2024 and 17 cents in FY 2025. Based on the current Dexus Industria share price of $2.68, this will mean dividend yields of 6.1% and 6.3%, respectively.
Morgans has an add rating and $3.19 price target on its shares.
