Analysts Highlight ASX Dividend Stocks with Strong Buy Ratings
Dividend seekers navigating the Australian share market will find encouragement in the recent analyst ratings for ASX dividend stocks. Among the myriad of choices, two stocks stand out, featuring prominently in analysts’ buy recommendations and boasting anticipated dividend yields north of 5.5% in the coming fiscal years.
Accent Group Ltd (ASX: AX1) – A Footwear Retailer on the Rise
The first ASX dividend stock turning heads comes from the retail sector: Accent Group. With a portfolio of popular brands and an expansive retail presence, Bell Potter’s analysts maintain a positive outlook on the firm. They anticipate fully franked dividends per share of 13 cents in FY 2024 and 14.6 cents in FY 2025, yielding robust returns given the current share price.
- Buy Rating from Bell Potter
- Price Target: $2.50
Dexus Industria REIT (ASX: DXI) – A Robust Industrial Real Estate Trust
In the realm of real estate investment trusts, Dexus Industria stands tall, with an industrial portfolio poised for rental growth. Analysts at Morgans are optimistic about its development pipeline and its balance sheet strength post-asset sales.
- Add Rating from Morgans
- Price Target: $3.18
With dividend projections sitting at 16.4 cents for FY 2024 and 16.6 cents for FY 2025, investors could enjoy a consistent income stream from Dexus Industria’s robust operations.
These highlighted companies epitomize the potential within the ASX to deliver high yield dividends supported by strong industry positions and positive future projections. For investors keen on bolstering their portfolios with dividend-paying stocks, these buy-rated shares present compelling considerations for both near-term income and long-term growth prospects.
Some of the best investment opportunities can emerge from understanding analyst ratings and market trends. Ensuring a diverse and balanced portfolio with a focus on stable dividend-paying stocks like AX1 and DXI can provide a steady financial stream amidst the volatile market landscape.