When it comes to the Australian share market, the plethora of ASX dividend shares available can be overwhelming. If you’re in need of some direction, take a look at the three picks brokers are favoring.
IDP Education Ltd (ASX: IEL)
Not traditionally seen as a dividend stock, IDP Education Ltd has started to offer appealing dividend yields due to the recent downturn in its share prices, with potential for growth. With Goldman Sachs’ predictions of 2.6%, 2.5%, and 2.9% yields for the upcoming years and a significant upside expected for the share price, it’s one to watch.
SRG Global Ltd (ASX: SRG)
With an eye on diversified industrial services, SRG Global Ltd is on the radar of analysts at Bell Potter. Forecasted dividends suggesting yields of 5.45% and 7.8% for FY 2024 and FY 2025 respectively, paired with an encouraging buy rating, make it a compelling option.
Suncorp Group Ltd (ASX: SUN)
As an established figure in insurance, Suncorp Group Ltd is backed by positive broker sentiment, expecting to deliver dividends with yields of 4.75% and 5.1%. Goldman Sachs’ outlook includes a favorable buy rating and a price target that suggests promising growth.
Investing in dividend shares can be a strategic move for income-focused portfolios. By considering broker recommendations, you have the opportunity to align with expert views and potentially secure strong dividend returns. The three ASX shares mentioned here offer both sustainable dividends and growth prospects, catering to diverse investor preferences.
As an investor, it’s important to conduct your own research before making any decisions. However, taking cue from broker insights can be a valuable part of this process. With these recommendations, you’re better equipped to navigate the dividend share market and make informed investment choices.
- IDP Education Ltd’s potential for better yields and price recovery make it a unique pick.
- SRG Global Ltd’s high predicted yields serve as its standout feature.
- Suncorp Group Ltd balances a strong dividend offering with the stability of an established company.
Remember, market conditions can change and impact the performance of these shares, underscoring the importance of ongoing vigilance and portfolio reassessment.