Are you looking for some ASX dividend stocks to buy?
If you are, then it could be worth looking at the two listed below that are leaders in their fields and have recently been named as buys.
Here's what you need to know about them:
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Aurizon Holdings Ltd (ASX: AZJ)
The first ASX dividend stock that could be a buy is Aurizon. It is Australia's largest rail freight operator, moving coal, iron ore, agricultural freight, and more across the country.
Ord Minnett is feeling very positive about the company. In response to its half-year results, the broker has put an accumulate rating and $4.70 price target on its shares.
As for dividends, the broker is forecasting partially franked dividends of 17.8 cents per share in FY 2024 and then 24.3 cents per share in FY 2025.
Based on the latest Aurizon share price of $3.95, this will mean yields of 4.5% and 6.15%, respectively.
Baby Bunting Group Ltd (ASX: BBN)
Another ASX dividend stock that could be a buy is Baby Bunting. It is Australia's largest specialty maternity and baby goods retailer.
Its performance has been a touch underwhelming in recent times but the team at Morgans think it is worth sticking with the company. This is because its analysts "continue to believe BBN will grow earnings in FY25 as its simpler price architecture and greater focus on value start to drive the top line."
Morgans has an add rating and $2.00 price target on its shares.
As for income, the broker is forecasting fully franked dividends per share of 6 cents in FY 2024 and then 9.8 cents in FY 2025. Based on the current Baby Bunting share price of $1.73, this will mean dividend yields of 3.5% and 5.7%, respectively.
