Wanting some big dividend yields for your income portfolio? If you are, then check out these three buy-rated ASX dividend stocks that analysts rate highly.
Here's what you need to know about them:
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Dexus Industria REIT (ASX: DXI)
Analysts at Morgans are positive on Dexus Industria and are forecasting above-average dividend yields from its shares.
It is a real estate investment trust which is primarily invested in high-quality industrial warehouses. At the last count, it had 91 properties in its portfolio valued at $1.4 billion and boasted a 99% occupancy rate with a 6.1-year weighted average lease expiry.
Morgans like the company due to its belief that its "industrial portfolio remains robust with the outlook positive for rental growth."
It expects this to underpin dividends per share of 16.4 cents in FY 2024 and then 16.6 cents in FY 2025. Based on the current Dexus Industria share price of $2.89, this will mean dividend yields of 5.7% and 5.75%, respectively.
Morgans currently has an add rating and $3.18 price target on its shares.
QBE Insurance Group Ltd (ASX: QBE)
Analysts at Goldman Sachs believe that this insurance giant could be an ASX dividend stock to buy.
The broker likes QBE because "underlying trends look very positive 2) QBE's achieved rate increases continue to be ahead of loss cost inflation and rate adequate. 3) North America on a pathway to improved profitability. 4) Valuation not demanding. 5) Strong ROE."
Goldman believes this will put the company in a position to pay dividends per share of 54 US cents (81.4 Australian cents) in FY 2024 and 57 US cents (85.9 Australian cents) in FY 2025. Based on the current QBE share price of $16.19, this equates to dividend yields of 5% and 5.3%, respectively.
The broker has a buy rating and $20.00 price target on its shares.
Rural Funds Group (ASX: RFF)
A third ASX dividend stock that could be a buy according to analysts at Bell Potter is Rural Funds. It is the owner of a portfolio of agricultural assets across areas industries such as orchards, vineyards, cropping, and cattle farms.
The broker points out that the "discount that RFF is trading appears excessive and we are seeing a valuable opportunity in RFF."
In addition, its analysts are expecting great dividend yields in the near term. They are forecasting dividends per share of 11.7 cents in both FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.09, this will mean dividend yields of 5.6% for investors.
Bell Potter has a buy rating and $2.40 price target on its shares.
