Are you building an income portfolio? If you are, then it could be worth looking at the ASX dividend stocks named below.
That's because they have been named as buys and tipped to provide investors with attractive dividend yields.
Here's why they could be good options for income investors this month:
Dexus Convenience Retail REIT (ASX: DXC)
Analysts at Morgans thinks that Dexus Convenience Retail REIT could be an ASX dividend stocks to buy right now.
It is a property company that owns a portfolio of service station and convenience retail assets located across Australia.
Morgans is feeling upbeat about the company's outlook and believes it is positioned to pay some big dividends in the near future.
The broker is forecasting dividends per share of 20.6 cents in FY 2025 and 21.5 cents per share in FY 2026. Based on its current share price of $2.79, this implies a dividend yield of 7.4% and 7.7%, respectively.
Morgans has an add rating and $3.23 price target on its shares.
Eagers Automotive Ltd (ASX: APE)
Another dividend stock that could be a buy is Eagers Automotive. It is a leading automotive retail group which has been operating for over a century.
Analysts at Morgans also remain positive on this company and believe that recent share price weakness has created a buying opportunity for investors. Particularly given that it is forecasting above-average dividend yields despite the tough economic environment.
The broker is forecasting fully franked dividends of 74 cents per share in FY 2024 and FY 2025. Based on its current share price of $10.16, this represents dividend yields of 7.3%.
Bell Potter currently has a buy rating and $13.00 price target on its shares.
Suncorp Group Ltd (ASX: SUN)
A final ASX dividend stock that could be a buy according to analysts is general insurance giant Suncorp.
Goldman Sachs is feeling very positive about the company. It believes Suncorp is well-positioned to benefit from "the tailwinds that exist in the general insurance market." These include "strong renewal premium rate increases and the benefit of higher investment yields."
The broker expects this to underpin fully franked dividends per share of 71 cents in FY 2025 and then 82 cents in FY 2026. Based on the current Suncorp share price of $17.47, this will mean dividend yields of 4.1% and 4.7%, respectively.
Goldman Sachs currently has a buy rating and $18.50 price target on its shares.
