Buy these ASX dividend stocks for a passive income boost

Analysts think income investors should be buying these income stocks.

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Are you on the hunt for some ASX dividend stocks to buy this week? If you are, it could be worth looking at the three in this article.

That's because they have all recently been named as buys and could be a good source of passive income. Here's what you need to know about them:

Centuria Industrial REIT (ASX: CIP)

Analysts at UBS think that Centuria Industrial could be an ASX dividend stock to buy. It is 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. The company notes that these assets are situated in key in-fill locations and close to key infrastructure.

The broker is expecting Centuria Industrial to be in a position 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 $3.22, this represents dividend yields of 5% in both years.

UBS currently has a buy rating and $3.71 price target on its shares.

NIB Holdings Limited (ASX: NHF)

Over at Goldman Sachs, its analysts think that this private health insurer could be an ASX dividend stock to buy.

It likes NIB due to its "defensive exposure to the private health insurance sector which is experiencing favourable operating trends."

In respect to dividends, Goldman expects this to support fully franked dividends per share of 31 cents in FY 2024 and 30 cents in FY 2025. Based on the current NIB share price of $7.12, this would mean 4.35% and 4.2% yields, respectively.

Goldman currently has a buy rating and $8.10 price target on NIB's shares.

Universal Store Holdings Ltd (ASX: UNI)

A final ASX dividend stock that has been given the thumbs up by analysts is youth fashion retailer Universal Store.

Morgans is a big fan of the company. It notes that its "retail proposition and investment opportunity is undiminished" and that its "growth opportunities are in place." This includes the acceleration of its Perfect Stranger expansion.

Morgans believes that the above leaves the company well placed to reward shareholders with fully franked dividends per share of 26 cents in FY 2024 and then 29 cents in FY 2025. Based on its current share price of $5.45, this will mean yields of 4.8% and 5.3%, respectively.

The broker currently has an add rating and $6.50 price target on its shares.

Motley Fool contributor James Mickleboro has positions in Universal Store. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended NIB Holdings. 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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