5 ASX dividend shares to buy next week

Brokers have put buy ratings on these stocks. Here's what they are forecasting.

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A new month is here, so what better time to consider making some new additions to your income portfolio.

Five ASX dividend shares that could be worth considering in July are listed below. Here's what you need to know about them:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX dividend share for income investors to consider buying is Aurizon. It transports more than 250 million tonnes of Australian commodities each year through its rail network.

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

As for income, it is 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 $3.60, this will mean dividend yields of 4.9% and 6.75%, respectively.

Centuria Industrial REIT (ASX: CIP)

Another ASX dividend share to look at is Centuria Industrial. It is Australia's largest domestic pure play industrial property investment company.

UBS is a fan of the company and has a buy rating and $3.50 price target on its shares.

In respect to dividends, the broker is forecasting 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 $3.04, this represents dividend yields of 5.25% in both years.

Super Retail Group Ltd (ASX: SUL)

A third ASX dividend share to look at is Super Retail. It is the retail conglomerate behind the BCF, Supercheap Auto, Macpac, and Rebel store brands.

Goldman Sachs is positive on the company and has a buy rating and $17.80 price target on its shares.

As for income, Goldman expects fully franked dividends per share of 67 cents in FY 2024 and 73 cents in FY 2025. Based on its current share price of $13.70, this will mean yields of 4.9% and 5.3%, respectively.

Transurban Group (ASX: TCL)

Analysts at UBS think that Transurban could be an ASX dividend share to buy this month.

The broker currently has a buy rating and $14.80 price target on its shares.

Its analysts are forecasting dividends per share of 63 cents in FY 2024 and 66 cents in FY 2025. Based on the current Transurban share price of $12.38, this will mean yields of 5.1% and 5.3%, respectively.

Universal Store Holdings Ltd (ASX: UNI)

A fifth and final ASX dividend share that could be a buy is Universal Store. It is the youth fashion retailer behind the Universal Store, Perfect Stranger, and Thrills brands.

Morgans is feeling bullish about the company and has an add rating and $6.50 price target on its shares.

As well as major upside, the broker believes Universal Store is well-placed to pay big dividends in the coming years. It expects fully franked dividends per share of 26 cents in FY 2024 and then 29 cents in FY 2025. Based on the current Universal Store share price of $4.82, this will mean yields of 5.4% and 6%, respectively.

Motley Fool contributor James Mickleboro has positions in Universal Store. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Super Retail Group, and Transurban Group. The Motley Fool Australia has positions in and has recommended Super Retail 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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