If you're on the lookout for some new ASX dividend shares to buy, then it could be worth considering the three listed below.
Here's what analysts are saying about them:
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Rio Tinto Ltd (ASX: RIO)
Rio Tinto could be an ASX dividend share to buy this week.
It is of course one of the world's largest miners and the owner of a portfolio of world class operations across multiples commodities.
Goldman Sachs is very positive on the company and has a buy rating and $140.50 price target on its shares.
As for dividends, the broker is expected fully franked dividends per share of US$4.61 (A$7.03) in FY 2024 and then US$4.62 (A$7.05) in FY 2025. Based on the latest Rio Tinto share price of $124.40, this will mean yields of approximately 5.65% in both years.
Telstra Corporation Ltd (ASX: TLS)
Goldman Sachs also believes that investors should be snapping up Telstra's shares while they're cheap.
Particularly given its low risk earnings and dividend growth over FY 2023 to FY 2025. Goldman has a buy rating and $4.65 price target on Telstra's shares.
In respect to income, the broker is forecasting fully franked dividends of 18 cents per share in FY 2024 and 19 cents per share in FY 2025. Based on the current Telstra share price of $3.88, this equates to yields of 4.6% and 4.8%, respectively.
Transurban Group (ASX: TCL)
Finally, the team at Citi believes that Transurban could be an ASX dividend share to buy now. It is the toll road operator behind roads such as CityLink and Cross City Tunnel.
Citi currently has a buy rating and $15.90 price target on Transurban's shares.
As for dividends, it is expecting dividends per share of 63 cents in FY 2024 and then 65 cents in FY 2025. Based on the current Transurban share price of $13.38, this will mean yields of 4.7% and 4.85%, respectively.
