These ASX dividend stocks have been tipped as buys for income investors

Brokers reckon that income investors might want to take a closer look at these shares.

| More on:
A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

There are many options for income investors to choose from on the Australian share market.

In order to narrow things down, I have picked out a couple of ASX dividend stocks that analysts rate as buys.

Here's what you need to know about them:

APM Human Services International Ltd (ASX: APM)

The first ASX dividend stock that could be a buy is APM Human Services.

APM is an international health and human services provider. It supports more than 2 million people of all ages and stages of life from over 1,500 sites spanning 11 countries.

Goldman Sachs is a fan of the company and believes the market is "under appreciating APM's ability to generate sustainable earnings growth (GSe 14% EPS CAGR, FY22-25E)."

It also expects this to underpin generous dividend yields. It is forecasting dividends per share of 10 cents in FY 2023 and 11 cents in FY 2024. Based on the current APM share price of $2.10, this equates to yields of 4.75% and 5.2%, respectively.

Goldman has a buy rating and a $3.75 price target on APM's shares.

DEXUS Property Group (ASX: DXS)

Another ASX dividend stock to look at is Dexus.

It is a property company with a focus on owning, managing, and developing office, industrial and retail assets. Among its portfolio are a logistics facility leased to Australia Post, Atlassian Central in Haymarket, and the Rialto Towers in Melbourne.

Analysts at Macquarie are positive on the company. They believe that a recent asset sale supports their view that the company's shares are undervalued.

As for dividends, Macquarie is forecasting dividends per share of approximately 51 cents in FY 2023 and 52 cents in FY 2024. Based on the current Dexus share price of $7.83, this will mean yields of 6.5% and 6.6%, respectively.

Macquarie currently has an outperform rating and a $9.68 price target on the company's shares.

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 Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended APM Human Services International. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

$100 Australian notes on top of each other.
Dividend Investing

These buy-rated ASX dividend stocks offer 7%+ yields

Analysts expect these buy-rated stocks to provide income investors with big yields.

Read more »

Happy man holding Australian dollar notes, representing dividends.
Dividend Investing

3 outstanding ASX dividend shares to buy next week

Analysts are tipping these shares to offer big returns over the next 12 months.

Read more »

A male oil and gas mechanic wearing a white hardhat walks along a steel platform above a series of gas pipes in a gas plant
Dividend Investing

Should I buy Santos shares for dividend income?

Santos shares have been steadily upping their dividends since 2020.

Read more »

A businessman lights up the fifth star in a lineup, indicating positive share price for a top performer
Dividend Investing

2 of the best ASX dividend shares to buy in December

Bell Potter rates these dividend shares very highly. Let's see why.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Analysts expect 5% to 8% dividend yields from these ASX stocks

Here's why these dividend stocks could be great options for income investors today.

Read more »

Male hands holding Australian dollar banknotes, symbolising dividends.
Dividend Investing

5 ASX 200 shares with ex-dividend dates next week

Do you own any of these shares that are primed to pay out?

Read more »

A couple makes silly chip moustache faces and take a selfie on their phone.
Dividend Investing

Invested $5,000 in Telstra shares in 2021? Here's how much passive income you've already earned

Atop the share price gains, how much passive income have investors earned from their Telstra stock?

Read more »

Happy couple enjoying ice cream in retirement.
Dividend Investing

Buy Telstra and this ASX dividend stock now

Analysts are saying good things about these dividend stocks. Let's see why they are bullish.

Read more »