Top 3 ASX Dividend-Paying Stocks to Consider for Your Portfolio

Income investors searching for new opportunities might find interest in three ASX listed stocks that recently earned buy ratings from brokers.

Baby Bunting Group Ltd (ASX: BBN)

Specializing in maternity and baby goods, Baby Bunting is poised for a rebound after a challenging period, with brokers predicting growth and an increase in dividends. With an expected uptick in earnings, the company’s shares are estimated to yield dividends of 3.3% in FY 2024 and 5.4% in FY 2025 at the current price of $1.81.

Stockland Corporation Ltd (ASX: SGP)

This diversified property firm, managing a variety of assets, is expected to meet its FY 2024 guidance, offering investors solid dividend prospects. Analysts forecast dividend yields of 6.1% for FY 2024 and 6.2% for FY 2025 based on the current share price of $4.31.

Telstra Group Ltd (ASX: TLS)

Telstra, a leading telecommunications provider, continues to attract income-focused investors with its robust earnings and growth potential. Dividends could reach a yield of 4.9% in FY 2024 and 5.2% in FY 2025 if the company’s share price remains at $3.65, as per current forecasts.

• Baby Bunting’s growth trajectory is backed by broker confidence, translating into attractive dividend estimates.
• Stockland’s assets spread across various real estate sectors suggest stability and consistent dividends for the foreseeable future.
• Telstra’s defensive earnings and asset monetization potential make it a compelling choice for those seeking income.

In conclusion, these three ASX stocks not only promise steady dividends but also offer potential for capital appreciation, making them worthy of consideration for income-seeking investors in the current market climate.