Buy Telstra and these ASX dividend stocks for income

Analysts think income investors should be buying these income stocks.

Are you looking for ASX dividend stocks to buy? If you are, it could be worth looking at the ones in this article.

That's because they have all recently been named as buys and tipped to offer attractive dividend yields. 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 next week is Aurizon.

Each year, it transports more than 250 million tonnes of Australian commodities, connecting miners, primary producers and industry with international and domestic markets. This includes providing customers with integrated freight and logistics solutions across an extensive national rail and road network that traverses Australia.

Ord Minnett is positive on the company's outlook and has an accumulate rating and $4.70 price target on its shares.

As for dividends, its analysts are 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 $3.78, this will mean yields of 4.7% and 6.4%, respectively.

Centuria Industrial REIT (ASX: CIP)

Another ASX dividend stock that could be a buy according to analysts this month is Centuria Industrial.

It offers investors the opportunity to invest in industrial property via a real estate investment trust. It is also Australia's largest domestic pure play industrial property investment vehicle with a portfolio of 88 high-quality, fit-for-purpose industrial assets worth a collective $3.8 billion. These assets are situated in key in-fill locations and close to key infrastructure.

UBS currently rates the company's shares as a buy and has a $3.71 price target on them.

As for income, the broker is expecting Centuria Industrial to pay dividends per share of 16 cents in both FY 2024 and in FY 2025. Based on the current Centuria Industrial share price of $3.25, this represents dividend yields of 4.9% for income investors in both years.

Telstra Corporation Ltd (ASX: TLS)

A final ASX dividend stock that could be a buy is Telstra.

Telstra is of course Australia's leading telecommunications and technology company. It offers a full range of communications services and currently provides 22.5 million retail mobile services and 3.4 million retail bundle and data services in Australia.

Goldman Sachs thinks the telco giant would be a top buy right now. It has a buy rating and $4.55 price target on Telstra's shares.

In respect to dividends, its analysts are forecasting fully franked dividends of 18 cents per share in FY 2024 and 19 cents per share in FY 2025. Based on the current Telstra share price of $3.67, this represents yields of 4.9% and 5.2%, respectively.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Aurizon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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