With a new month just days away, let's take a look at four ASX dividend stocks that analysts think could be worth adding to your portfolio in June.
Here's what you need to know about them:
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Accent Group Ltd (ASX: AX1)
Accent could be an ASX dividend stock to buy in June. It is the footwear-focused retailer behind brands such as HYPEDC, Platypus, Stylerunner, Subtype, and The Athlete's Foot.
Bell Potter is a big fan of the company and sees significant value in its shares at current levels. The broker currently has a buy rating and a $2.50 price target on them.
As for dividends, Bell Potter expects fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the latest Accent share price of $1.89, this represents dividend yields of 6.9% and 7.7%, respectively.
Centuria Industrial REIT (ASX: CIP)
Another ASX dividend stock for investors to consider buying in June is Centuria Industrial. It is the country's largest domestic pure-play industrial property investment company.
Analysts at UBS are feeling very positive about the company's outlook and have a buy rating and a $3.71 price target on its shares.
The broker is also expecting some decent yields from its shares in the near term. It is forecasting dividends per share of 16 cents in both FY 2024 and in FY 2025. Based on the current Centuria Industrial share price of $3.20, this represents dividend yields of 5% in both years.
Deterra Royalties Ltd (ASX: DRR)
Deterra Royalties could be another excellent ASX dividend stock to buy next month. It is a mining royalties company with a collection of cash-generating assets across Australia.
Morgan Stanley is positive on the company and has an overweight rating and a $5.60 price target on its shares.
It also expects Deterra Royalties to be in a position to pay some big dividends in the near term. It is forecasting fully franked dividends per share of 32.7 cents in FY 2024 and 39 cents in FY 2025. Based on the current Deterra Royalties share price of $4.77, this will mean yields of 6.8% and 8.2%, respectively.
Eagers Automotive Ltd (ASX: APE)
A final ASX dividend stock that could be a buy in June is Eagers Automotive. It operates one of Australia's largest auto dealership networks.
Bell Potter sees a lot of value in its shares following a recent selloff. The broker reiterated its buy rating with a price target of $13.35.
As for income, it expects Eagers Automotive to pay fully franked dividends of 64.5 cents per share in FY 2024 and then 73 cents per share in FY 2025. Based on its current share price of $10.52, this represents dividend yields of 6.1% and 6.9%, respectively.
