There are plenty of ASX dividend shares trading on the local share market. But which ones could be buys?
Three that have been given the thumbs up by analysts are listed below. Here's what sort of dividend yields you can expect from them:
Stockland Corporation Ltd (ASX: SGP)
The first ASX dividend share that could be a top buy this month is Stockland.
That's the view of analysts at Citi, which currently have a buy rating and $5.00 price target on Australia's largest community creator.
In respect to income, Citi is expecting dividends per share of 26.2 cents in FY 2024 and 26.6 cents in FY 2025. Based on the current Stockland share price of $4.56, this will mean yields of 7.3% and 8% yields, respectively.
Telstra Group Ltd (ASX: TLS)
Another ASX dividend share that analysts rate as a buy is telco giant Telstra.
Goldman Sachs is also a fan of Telstra and has a buy and $4.55 price target on its shares. It likes the company's low risk earnings and dividend growth over the coming years.
As for dividends, the broker is forecasting fully franked dividends of 18 cents per share in FY 2024 and then 19 cents per share in FY 2025. Based on the current Telstra share price of $3.81, this equates to fully franked yields of 4.7% and 5%, respectively.
Woodside Energy Group Ltd (ASX: WDS)
A final ASX dividend share that analysts rate highly is Woodside Energy.
A recent note out of Morgans shows that its analysts have an add rating and $34.20 price target on its shares.
The broker is also expecting some attractive dividend yields in the near term. It is forecasting the energy giant to pay fully franked dividends of $1.36 per share in FY 2024 and $1.12 per share in FY 2025. Based on the current Woodside share price of $30.85, this equates to 4.4% and 3.6% dividend yields, respectively, for investors.
