Do you have room in your income portfolio for more ASX dividend shares?
If you do, then it could be worth looking at the four named in this article.
Analysts think they are in the buy zone right now and are forecasting them to provide investors with attractive dividend yields. Here's what you need to know about them:
Aurizon Holdings Ltd (ASX: AZJ)
Aurizon could be an ASX dividend share to buy according to analysts at Ord Minnett. It is a rail freight operator with a network covering thousands of kilometres. Through this network, it transports a range of commodities, including mining, agricultural, industrial and retail products.
The broker remains positive on the company. This is due partly to its belief that coal usage in China and India will continue to keep Aurizon busy in the future.
For now, it expects this to underpin partially franked dividends of 18.6 cents per share in FY 2024 and then 24.4 cents per share in FY 2025. Based on the current Aurizon share price of $3.58, this will mean dividend yields of 5.2% and 6.8%, respectively.
Ord Minnett has an accumulate rating and $4.70 price target on its shares.
Centuria Industrial REIT (ASX: CIP)
A second ASX dividend share that could be a buy is Centuria Industrial. It is Australia's largest domestic pure play industrial property investment company.
Analysts at UBS are positive on the company's outlook and are expecting some attractive yields from its shares.
The broker 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 $3.17, this represents dividend yields of 5% in both years.
UBS has a buy rating and $3.50 price target on its shares.
Charter Hall Retail REIT (ASX: CQR)
Over at Citi, its analysts see the Charter Hall Retail REIT as a great ASX dividend share to buy this month. It is a property company with a focus on supermarket anchored neighbourhood and sub-regional shopping centre markets.
The broker likes Charter Hall Retail REIT due partly to its inflation-linked rental increases. It expects this to support dividends of 25 cents per share in both FY 2024 and FY 2025. Based on the current Charter Hall Retail REIT share price of $3.32, this will mean large yields of 7.5%.
Citi has a buy rating and $4.00 price target on its shares.
Super Retail Group Ltd (ASX: SUL)
A final ASX dividend share that has been tipped as a buy 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 been impressed with "the resilience of all key businesses against an environment where consumers are cost conscious."
As for income, the broker believes this positions the company to pay fully franked dividends per share of 67 cents in FY 2024 and 73 cents in FY 2025. Based on its current share price of $14.72, this will mean yields of 4.6% and 5%, respectively.
Goldman has a buy rating and $17.80 price target on its shares.
