Do you have room in your portfolio for some new ASX dividend stocks and $5,000 to invest?
If you do, then it could be worth considering the three in this article that analysts rate as buys.
Here's what you need to know about them:
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Harvey Norman Holdings Ltd (ASX: HVN)
Harvey Norman could be an ASX dividend stock to buy according to analysts at Bell Potter.
The broker believes that it is well-placed to be a big winner from falling interest rates and the AI driven upgrade cycle for mobile phones, laptops, and other technology.
It feels that this leaves it positioned to pay fully franked dividends of 25.4 cents per share in FY 2025 and then 28.1 cents per share in FY 2026. Based on its current share price, this will mean dividend yields of 4.4% and 4.9%, respectively.
Bell Potter currently has a buy rating and $6,00 price target on its shares.
National Storage REIT (ASX: NSR)
Another ASX dividend stock that could be a buy is National Storage.
It is the largest self-storage provider in Australia and New Zealand providing tailored storage solutions to almost 100,000 residential and commercial customers from over 260 locations.
The team at Citi is a fan of National Storage. This is due largely to its positive outlook for the self-storage industry.
It expects this to underpin dividends of 11.3 cents per share in FY 2025 and then 11.8 cents per share in FY 2026. Based on its current share price of $2.38, this equates to attractive dividend yields of 4.75% and 4.9%, respectively.
Citi currently has a buy rating and $2.70 price target on its shares.
Nick Scali Limited (ASX: NCK)
The team at Citi is also feeling positive about Nick Scali and believes it could be an ASX dividend stock to buy.
It is one of Australia's largest retailers and importers of furniture, operating the Nick Scali and Plush brands. It also recently launched in the United Kingdon following the takeover of the Fabb brand.
Speaking of which, Citi believes the furniture retailer is well-positioned for growth thanks partly to its expansion in the United Kingdom.
It expects this to underpin fully franked dividends of 55 cents in FY 2025 and then 65.5 cents in FY 2026. Based on its current share price of $19.11, this would mean dividend yields of 2.9% and 3.4%, respectively.
Citi has a buy rating and $20.64 price target on its shares.
