The great news for income investors is that there are plenty of ASX All Ords dividend stocks to choose from on the Australian share market.
But which ones could be buys in March?
Let's take a look at two that have been named as buys this month:
Image source: Getty Images
Dexus Convenience Retail REIT (ASX: DXC)
Dexus Convenience Retail REIT could be an ASX All Ords dividend stock to buy in March.
It is a real estate investment trust that owns high quality service stations and convenience retail assets.
The team at Bell Potter thinks the company is a buy. Its analysts highlight that they "see clear price discovery for DXC where there have been 53 petrol station transactions in CY23, proving up book value."
The broker has a buy rating and $3.00 price target on its shares.
Bell Potter is forecasting dividends per share of 20.7 cents in FY 2024 and 21.7 cents in FY 2025. Based on its current share price of $2.70, this equates to yields of 7.7% and 8%, respectively.
Transurban Group (ASX: TCL)
Transurban could be another ASX All Ords dividend stock 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.
In addition, its analysts "believe TCL's FY24 DPS guidance of 62c is conservative." Instead, the broker is forecasting dividends per share of 63 cents in FY 2024 and then 65 cents in FY 2025. Based on the current Transurban share price of $13.45, this will mean yields of 4.7% and 4.8%, respectively.
