If you want to add to your income portfolio this month with some new ASX dividend stocks, then it could be worth looking at the three companies named below.
Here's what brokers are forecasting from them:
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Charter Hall Retail REIT (ASX: CQR)
The team at Citi think that Charter Hall Retail REIT could be a good option for income investors.
It is a supermarket anchored neighbourhood and sub-regional shopping centre markets-focused property company.
Citi currently has a buy rating and $4.00 price target on its shares.
As for income, the broker is forecasting dividends of 28 cents per share in both FY 2024 and FY 2025. Based on the current Charter Hall Retail REIT share price of $3.59, this will mean massive yields of 7.8%.
Super Retail Group Ltd (ASX: SUL)
Another ASX dividend stock that has been rated as a buy is Super Retail. It is the retail conglomerate behind the popular BCF, Macpac, Rebel, and Super Cheap Auto brands.
Goldman Sachs is very positive on the retailer and has a $17.80 price target on its shares.
Its analysts were impressed with the company's performance in the first half. They commented that "we believe the 1H24 result was high quality and the strategic growth plan is intact. Specifically, core to our Buy thesis."
As for dividends, the broker is forecasting fully franked dividends per share of 67 cents in FY 2024 and then 73 cents in FY 2025. Based on the latest Super Retail share price of $15.30, this will mean good yields of 4.4% and 4.8%, respectively.
Transurban Group (ASX: TCL)
A final ASX dividend stock that has been named as a buy is Transurban. It operates 22 toll roads in Australia and North America, including CityLink, Cross City Tunnel, and the East Distributor.
Citi is also a fan of the company and sees it as a top option right now. It has a buy rating and $15.60 price target on its shares.
The team at Citi expects this to underpin the payments of dividends per share of 63 cents in FY 2024 and 65 cents in FY 2025. Based on the current Transurban share price of $12.85, this will mean yields of 4.8% and 5%, respectively.
