Analysts say these ASX dividend shares are top buys

Here are a couple of options for income investors to consider buying right now.

| More on:
Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Australian income investors are a lucky bunch. That's because the Australian share market has a large amount of ASX dividend shares to choose from right now.

But which ones could be buys for investors this week?

Two that analysts are feeling particularly positive about at the moment are listed below. Here's what sort of dividend yields and capital gains you can expect from them:

Centuria Industrial REIT (ASX: CIP)

The first ASX dividend share that could be a buy according to analysts is Centuria Industrial.

It is Australia's largest domestic pure play industrial property investment vehicle with a portfolio of high-quality, fit-for-purpose industrial assets.

In response to its half-year results earlier this month, the team at UBS has retained its buy rating and $3.71 price target on its shares.

As for income, the broker is expecting Centuria Industrial to pay dividends per share of 16 cents in both FY 2024 and in FY 2025. Based on the current Centuria Industrial share price of $3.39, this represents yields of 4.7% in both years.

Coles Group Ltd (ASX: COL)

Citi remains very positive on this supermarket giant despite recent price gouging controversy and sees it as an ASX dividend share to buy.

The broker has a buy rating and $17.50 price target on the company's shares.

While it expects a subdued year in FY 2024, Citi is forecasting solid earnings growth in both FY 2025 and FY 2026.

It expects this to support the payment of fully franked dividends of 64 cents per share in FY 2024 and then 70 cents per share in FY 2025. Based on the current Coles share price of $16.03, this will mean yields of 4% and 4.35%, respectively.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Coles Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Woman calculating dividends on calculator and working on a laptop.
Dividend Investing

3 ASX 300 dividend stocks to buy now for income

Brokers think these dividend stocks are buys right now. What sort of yields are they forecasting?

Read more »

Stressed thoughtful old female general practitioner doctor physician looking in distance, considering difficult medical problem solution or illness treatment, working on computer in clinic office.
Healthcare Shares

How much do you need to invest in CSL shares for $8,000 in annual dividends?

CSL's dividends are exponentially more valuable for long-term investors.

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Dividend Investing

Why is the Soul Patts share price falling today?

Is today's decline actually good news?

Read more »

A woman has a thoughtful look on her face as she studies a fan of Australian 20 dollar bills she is holding on one hand while he rest her other hand on her chin in thought.
Dividend Investing

Is Telstra stock a smart buy right now for dividends?

Would I buy Telstra shares for that hefty dividend yield today?

Read more »

Three women cruise along enjoying ice-creams in the sunshine.
Dividend Investing

The best dividend stocks in Australia right now

Growth and stability are just two of the reasons why I think these are the top ASX 300 stocks for…

Read more »

Man holding a calculator with Australian dollar notes, symbolising dividends.
Dividend Investing

Buy these ASX dividend shares with 6% to 8% yields: Bell Potter

Big yields could be coming for owners of these shares.

Read more »

Broker looking at the share price.
Dividend Investing

Goldman Sachs names 3 strong ASX 200 dividend shares to buy

Here's why the broker is bullish on these dividend shares.

Read more »

A mature aged man with grey hair and glasses holds a fan of Australian hundred dollar bills up against his mouth and looks skywards with his eyes as though he is thinking what he might do with the cash.
Dividend Investing

If I invest $10,000 in New Hope shares, how much passive income will I receive?

This coal mining stock has dished out some pretty impressive dividends in recent years, but will this continue?

Read more »