If you are wanting to make some new additions to your income portfolio, then read on.
That's because listed below are three ASX dividend stocks that brokers are feeling bullish on. Let's see what they are:
Centuria Industrial REIT could be a great pick for income investors. It is a pure-play industrial property trust that owns a high-quality portfolio of warehouses, logistics hubs, and distribution centres across Australia.
The industrial property sector has been one of the strongest-performing segments of the real estate market in recent years. This has been driven by the rise of e-commerce, supply chain optimisation, and manufacturing demand.
Bell Potter is positive on the company and believes its growth will continue. As a result, it is forecasting dividends per share of 16.3 cents in FY 2025 and then 16.8 cents in FY 2026. Based on its current share price of $3.02, this equates to dividend yields of 5.4% and 5.6%, respectively.
The broker has a buy rating and $3.35 price target on its shares.
The team at Morgans thinks that HomeCo Daily Needs REIT could be an ASX dividend stock to buy.
It is a real estate investment trust (REIT) that owns and operates a portfolio of convenience-based retail assets. This includes neighbourhood shopping centres and large-format retail properties.
Morgans believes the company is positioned to pay dividends of 8.6 cents per share in FY 2025 and FY 2026. Based on the current HomeCo Daily Needs share price of $1.23, this implies dividend yields of 7% for both years.
The broker has an add rating and $1.33 price target on its shares.
A third ASX dividend stock that could be a buy for income investors is Rural Funds Group.
It is a diversified agricultural REIT that owns premium farmland across Australia. But instead of farming the land itself, it leases properties to high-quality agricultural operators.
Its portfolio currently includes almond orchards, cattle farms, vineyards, and macadamia plantations. These have long-term lease agreements with price increases built in, providing predictable cash flow.
Bell Potter is also a fan of Rural Funds and believes it is positioned to pay dividends per share of 11.7 cents in FY 2025 and then 12.2 cents in FY 2026. Based on its current share price of $1.77, this will mean dividend yields of 6.6% and 6.9%, respectively.
The broker has a buy rating and $2.45 price target on its shares.
The post These buy-rated ASX dividend stocks offer 5% to 7% yields appeared first on The Motley Fool Australia.
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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended HomeCo Daily Needs REIT. 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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