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Are you on the lookout for some ASX dividend stocks to buy? If you are, then you may want to check out the three listed below.
They have all been named as buys by brokers and tipped to offer some great dividend yields in the near term. Here’s what you need to know about them:
Centuria Industrial REIT (ASX: CIP)
The first ASX dividend stock that could be a buy according to analysts is Centuria Industrial.
It is Australia’s largest domestic pure play industrial property investment company with a portfolio of 88 high-quality, industrial assets situated in key in-fill locations and close to key infrastructure.
UBS is a fan of the company and believes it is well-positioned in the current environment thanks to strong demand for industrial property.
The broker expects this to allow Centuria Industrial to pay dividends per share of 16 cents in both FY 2024 and FY 2025. Based on the current Centuria Industrial share price of $3.19, this will mean dividend yields of 5% for income investors across both years.
UBS currently has a buy rating and $3.50 price target on its shares.
Deterra Royalties Ltd (ASX: DRR)
Another ASX dividend stock that could be a buy is Deterra Royalties.
It is a mining royalties company with a portfolio of assets across a number of commodities. This includes Mining Area C, which is operated by BHP Group Ltd (ASX: BHP).
Its shares have recently been sold off after announcing a major acquisition and making changes to its dividend policy. While UBS believes the latter will result in a significant dividend cut in FY 2025, it still expects a good yield next year. It also highlights the quality of its assets.
UBS is forecasting dividends per share of 31 cents in FY 2024 and then 16 cents in FY 2025. Based on the current Deterra Royalties share price of $4.05, this will mean yields of 7.7% and 4%, respectively.
The broker has a buy rating and $4.90 price target on its shares.
Eagers Automotive Ltd (ASX: APE)
A final ASX dividend stock that could be a buy is Eagers Automotive. It is a leading automotive retail group which has been around for over a century.
Analysts at Bell Potter remain positive on the company and believe that recent share price weakness has created a buying opportunity for income investors. Especially given its belief that above-average dividend yields are still coming despite tough trading conditions.
For example, Bell Potter is forecasting fully franked dividends of 64.5 cents per share in FY 2024 and then 73 cents per share in FY 2025. Based on its current share price of $10.56, this represents dividend yields of 6.1% and 6.9%, respectively.
Bell Potter has a buy rating and $13.35 price target on its shares.