A new month is on the horizon, so what better time to consider some changes to your income portfolio.
But which ASX dividend stocks could be good options in September? Let's take a closer look at two that could be quality picks next month. They are as follows:
Dexus Industria REIT (ASX: DXI)
Dexus Industria could be a top ASX dividend stock to buy in September.
It is an Australian real estate investment trust which is primarily invested in high-quality industrial warehouses. At the last count, the fund's investment property portfolio was valued at $1.4 billion and was located across the major Australian cities.
Morgans is a fan of the company and believe it is well-place to reward investors with handsome dividend payments thanks to its positive rental growth outlook. It said
The portfolio's WALE is around 6 years and occupancy 97.5%. Across the portfolio 50% of leases are linked to CPI with the balance on fixed increases between 3-3.5%. While we expect cap rates to expand further in the near term, DXI's industrial portfolio remains robust with the outlook positive for rental growth. The development pipeline also provides near and medium-term upside potential and post asset sales there is balance sheet capacity to execute.
Morgans expects this to allow the company to pay dividends per share of 16.4 cents in FY 2025 and then 16.8 cents in FY 2026. Based on its current share price of $2.81, this will mean dividend yields of 5.8% and 6%, respectively.
Morgans currently has an add rating and $3.16 price target on its shares.
Origin Energy Ltd (ASX: ORG)
This energy giant could be a top ASX dividend stock to buy right now.
That's the view of analysts at Goldman Sachs, which are tipping the company has a buy to clients.
Goldman likes Origin due to the diversity of its earnings, its robust free cash flow generation, and its gas supply portfolio and flexible power firming fleet. The broker explains:
We are Buy rated on ORG considering: APLNG earnings diversification to support strong FCF & returns: We expect electricity markets will remain volatile where ~50% of FY25E EBITDA from APLNG should reduce risk, while supporting a strong 9% FCF yield and 6% dividend yield.
Standout gas supply portfolio and flexible power firming fleet: ORG operates the National Electricity Market's (NEM) largest gas generation fleet at 3 GW which will become increasingly important to firm renewable generation, while maintaining a A$10/GJ cost of gas supply which should support margin expansion or market share gain. Growth opportunity through Octopus & Kraken: Octopus' valuation has already increased 600% since ORG's initial investment in 2020, which we expect could continue to grow over 20% in FY25 as contracted Kraken accounts growth drives 30% EBITDA growth.
As for dividends, Goldman is forecasting fully franked dividends per share of 60 cents in FY 2025 and then 59 cents in FY 2026. Based on its current share price of $9.83, this would mean dividend yields of 6.1% and 6%, respectively.
The broker currently has a buy rating and $10.75 price target on its shares.
