If you have room in your portfolio for some ASX dividend stocks, then it could be worth checking out the two named below.
They have been rated as buys and tipped to provide investors with attractive yields. Here's what analysts are expecting from them:
Charter Hall Retail REIT (ASX: CQR)
The team at Citi thinks the Charter Hall Retail REIT could be a good option for investors. It is a supermarket anchored neighbourhood and sub-regional shopping centre markets-focused property company.
One of the reasons that Citi likes the company is its "defensive net property income growth." It also expects some big dividend yields in the near term.
The broker is forecasting dividends per share of 25 cents in both FY 2024 and FY 2025, and then 27 cents in FY 2026. Based on the current Charter Hall Retail REIT share price of $3.74, this will mean very generous yields of 6.7% for two years and then 7.2%.
Citi currently has a buy rating and $4.00 price target on its shares.
Deterra Royalties Ltd (ASX: DRR)
Another ASX dividend stock that has been named as a buy for income investors is Deterra Royalties.
It is focused on the management and growth of a portfolio of royalty assets across a range of commodities. This includes royalties held over Mining Area C, its cornerstone asset, in the Pilbara region of Western Australia.
Morgan Stanley is positive on the company and expects it to be in a position to pay some big dividends in the near term. It is expecting fully franked dividends per share of 40.3 cents in FY 2024 and 30.1 cents in FY 2025. Based on the current Deterra Royalties share price of $5.06, this will mean yields of 8% and 5.9%, respectively.
The broker has an overweight rating and $5.65 price target on its shares.
