If you're searching for an income boost, then it could be worth checking out the five ASX dividend stocks listed below.
Analysts have recently named all of them as buys and tipped them to provide investors with attractive dividend yields in the coming years.
Here's what you need to know about these dividend payers:
Coles Group Ltd (ASX: COL)
The first ASX dividend stock for investors to look at is supermarket giant Coles. Morgans rates the company highly and has an add rating and $18.70 price target on its shares.
In respect to income, it is expecting Coles to pay fully franked dividends of 66 cents per share in FY 2024 and 69 cents per share in FY 2025. Based on the current Coles share price of $16.15, this implies dividend yields of approximately 4.1% and 4.3%, respectively.
IPH Ltd (ASX: IPH)
Another ASX ASX dividend stock for investors to look at is intellectual property solutions provider IPH. Goldman Sachs is a fan of the company and highlights that it is "well-placed to deliver consistent and defensive earnings with modest overall organic growth." The broker has a buy rating and $8.70 price target on its shares.
As for dividends, the broker expects fully franked dividends of 34 cents per share in FY 2024 and 37 cents per share in FY 2025. Based on the current IPH share price of $6.15, this represents dividend yields of 5.5% and 6%, respectively.
Rural Funds Group (ASX: RFF)
Bell Potter thinks this agricultural property company could be an ASX dividend stock to buy. The broker currently has a buy rating and a $2.40 price target on its shares.
Its analysts are expecting above-average dividend yields from its shares in the near term. 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 $2.21, this will mean yields of 5.3% in both years for investors.
Super Retail Group Ltd (ASX: SUL)
Another ASX dividend stock to look at is Super Retail. It is the owner of BCF, Supercheap Auto, Macpac, and Rebel. Morgans has an add rating and a $17.50 price target on its shares.
As for income, Morgans expects fully franked dividends per share of 96 cents in FY 2024 and 74 cents in FY 2025. Based on its current share price of $15.03, this will mean yields of 6.4% and 4.9%, respectively.
Transurban Group (ASX: TCL)
A final ASX dividend stock that could be a buy is Transurban. It is a leading toll road developer and operator with assets across Australia and North America. Citi is feeling positive about the company's outlook and has put a buy rating and $15.60 price target on its shares.
In respect to dividends, its analysts are expecting dividends per share of 63 cents in FY 2024 and 65 cents in FY 2025. Based on the current Transurban share price of $13.17, this will mean yields of 4.8% and 4.9%, respectively.
