Are you on the lookout for some ASX dividend stocks to buy for a source of passive income? If you are, then you may want to check out the three listed below.
They have all been named as buys by brokers and tipped to offer some good dividend yields in the near term. Here's what you need to know about them:
Centuria Industrial REIT (ASX: CIP)
The first ASX dividend stock that could be a buy according to analysts is Centuria Industrial.
It is a leading property investment company with a portfolio of high quality Australian industrial assets diversified by geography, sub-sector, tenants and lease expiry. Among its properties are cold storage facilities, distribution centres, and manufacturing facilities.
UBS is a fan of the company. This is because it believes Centuria Industrial is well-positioned in the current environment thanks to strong demand for industrial property.
The broker expects this to allow the company to pay dividends per share of 16 cents in both FY 2025 and 17 cents in FY 2026. Based on the current Centuria Industrial share price of $3.15, this will mean dividend yields of 5% for income investors across both years.
UBS has a buy rating and $3.55 price target on its shares.
Super Retail Group Ltd (ASX: SUL)
A second ASX dividend stock that could be a buy according to analysts is Super Retail. It is retailer responsible for the BCF, Supercheap Auto, Macpac, and Rebel store brands.
Analysts at Goldman Sachs are tipping its shares as a buy. The broker likes Super Retail due to "the resilience of all key businesses against an environment where consumers are cost conscious."
In respect passive income, the broker expects the company to pay fully franked dividends per share of 69 cents in FY 2024 and 72 cents in FY 2025. Based on its current share price of $16.25, this will mean yields of 4.25% and 4.4%, respectively.
Goldman has a buy rating and $17.80 price target on its shares.
Transurban Group (ASX: TCL)
Finally, analysts at UBS continue to think that Transurban could be an ASX dividend stock to buy.
It is a leading builder and operator of toll roads in Australia and North America. Among its roads are CityLink in Melbourne and the Eastern Distributor in Sydney.
UBS expects these roads to allow Transurban to pay dividends per share of 65 cents in FY 2025 and then 69 cents in FY 2026. Based on the current Transurban share price of $13.47, this will mean yields of 4.8% and 5.1%, respectively.
UBS currently has a buy rating and $14.60 price target on its shares.
