Are you on the lookout for some new additions to your income portfolio?
Well, I have some good news for you. Listed below are three ASX dividend shares that brokers have recently named as buys and tipped to offer very generous dividend yields.
Here's what you can expect from them in the medium term:
Image source: Getty Images
ANZ Group Holdings Ltd (ASX: ANZ)
Ord Minnett thinks that this banking giant could be an ASX dividend share to buy right now.
Particularly given that its acquisition of Suncorp Bank is nearing completion. The broker believes the acquisition will add scale to areas where it currently trails the other big four banks.
In respect to income, its analysts are forecasting fully franked dividends per share of $1.62 in FY 2024 and $1.65 in FY 2025. Based on the current ANZ share price of $29.04, this will mean dividend yields of 5.6% and 5.7%, respectively.
Ord Minnett currently has an accumulate rating and $31.00 price target on its shares.
GDI Property Group Ltd (ASX: GDI)
The team at Bell Potter is tipping this property company's shares as a buy. Especially given its expectation that GDI Property is well-positioned to pay some big dividends in the coming years.
The broker is forecasting dividends per share of 5 cents across FY 2024, FY 2025, and FY 2026. Based on the current GDI Property share price of 60.5 cents, this implies dividend yields of 8.3% for the next three years.
Bell Potter has a buy rating and 75 cents price target on its shares.
Rural Funds Group (ASX: RFF)
Another ASX dividend share that analysts at Bell Potter are bullish on is Rural Funds.
It is a property company that owns a portfolio of high-quality assets across a number of agricultural industries. This includes orchards, vineyards, water entitlements, cropping, and cattle farms.
In respect to dividends, the broker is forecasting dividends per share of 11.7 cents in both FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.09, this will mean yields of 5.6% for investors.
Bell Potter has a buy rating and $2.40 price target on its shares.
