3 ASX dividend shares to buy for a passive income portfolio

If you're building a passive income portfolio, then it could be worth looking at the ASX dividend stocks in this article.

They have been named as buys by brokers and are being tipped to grow their dividends in the near term.

Here's what they are recommending as buys right now:

National Storage REIT (ASX: NSR)

National Storage could be an ASX dividend share to buy according to analysts.

It is the largest self-storage provider in Australia and New Zealand, with over 260 centres. From these locations it provides tailored storage solutions to over 97,000 residential and commercial customers.

The team at Citi is positive on the company. This is partly due to its belief that the medium-term outlook for the self-storage sector is positive, especially given interest from global investors.

In respect to income, the broker is forecasting 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 $2.42, this equates to dividend yields of 4.7% and 4.9%, respectively, for income investors.

Citi has a buy rating and $2.70 price target on its shares.

Stockland Corporation Ltd (ASX: SGP)

Morgan Stanley thinks that Stockland could be an ASX dividend share to buy this month.

It is one of Australia's largest diversified property companies with a specialty in residential communities, land lease communities, town centres, logistics, and office real estate.

The broker is positive on the company due to its transition into a multifaceted residential developer.

As for dividends, the broker is forecasting payouts of 25.4 cents per share in FY 2025 and then 29.3 cents per share in FY 2026. Based on its current share price of $5.65, this would mean dividend yields of 4.5% and 5.2%, respectively.

Morgan Stanley has an overweight rating and $6.50 price target on its shares.

Transurban Group (ASX: TCL)

Over at UBS, its analysts see Transurban as an ASX dividend share to buy.

It is a leading owner and operator of toll roads across Australia and North America. Its portfolio currently comprises 22 roads and three major projects that are expected to open by 2026.

Among its portfolio are CityLink and the West Gate Tunnel Project in Melbourne, and the Cross City Tunnel and Eastern Distributor in Sydney.

UBS expects these assets to support the payment of dividends per share of 65 cents in FY 2025 and then 69 cents in FY 2026. Based on its current share price of $14.34, this would mean dividend yields of 4.65% and 4.8%, respectively.

The broker has a buy rating and $14.85 price target on its shares.

The post 3 ASX dividend shares to buy for a passive income portfolio appeared first on The Motley Fool Australia.

Citigroup is an advertising partner of Motley Fool Money. 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 positions in and has recommended Transurban Group. The Motley Fool Australia has no position in any of the stocks mentioned. 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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