Analysts say these ASX dividend stocks are top buys for income investors

Let's see which stocks are being tipped as buys.

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Are you looking for new ASX dividend stocks to buy this month? If you are, then read on.

Four that have recently been given buy ratings by analysts are listed below. Here's why they could be top picks for income investors in June:

Dexus Convenience Retail REIT (ASX: DXC)

Dexus Convenience Retail REIT could be an ASX dividend stock to buy. It owns a portfolio of Australian service stations and convenience retail assets.

Bell Potter is bullish on the company and currently has a buy rating and $3.35 price target on its shares.

In respect to dividends, the broker expecting payouts of 20.6 cents per share in FY 2025 and then 20.9 cents per share in FY 2026. Based on its current share price of $2.98, this implies dividend yields of 6.9% and 7%, respectively.

Elders Ltd (ASX: ELD)

Bell Potter is also bullish on Elders and sees it as an ASX dividend stock to buy.

It is a leading Australian agribusiness company that provides agricultural goods and services to primary producers.

The broker has a buy rating and $9.10 price target on its shares.

As for income, it is forecasting fully franked dividends of 36 cents per share in FY 2025 and 43 cents per share in FY 2026. Based on the current Elders share price of $6.07, this equates to dividend yields of 5.9% and 7%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Stockland could be another ASX dividend stock to buy according to analysts.

It is one of Australia's largest diversified property companies. It has a specialty in residential communities, land lease communities, town centres, logistics, and office real estate.

Morgan Stanley is bullish and has an overweight rating and $6.50 price target on its shares.

As for income, the broker is forecasting dividends per share of 25.4 cents in FY 2025 and then 29.3 cents in FY 2026. Based on its current share price of $5.46, this would mean dividend yields of 4.6% and 5.4%, respectively.

Transurban Group (ASX: TCL)

Finally, Transurban Group could be an ASX dividend stock to buy according to the team at UBS.

It is a toll road giant that operates major motorways across Australia and North America, benefiting from steady traffic volumes and inflation-linked toll revenue.

UBS has a buy rating and $14.85 price target on its shares.

In respect to payouts, the broker is forecasting dividends of 65 cents per share in FY 2025 and then 69 cents per share in FY 2026. Based on its current share price of $14.29, this equates to dividend yields of 4.5% and 4.8%, respectively.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has recommended Elders. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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