Investors that are looking for dividend options might want to check out the ASX dividend stocks listed below.
That's because all three have recently been named as buys and are tipped to provide attractive yields. Here's what you need to know about them:
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Aurizon Holdings Ltd (ASX: AZJ)
The first ASX dividend stock to look at is Aurizon. It is Australia's largest rail freight operator. It connects miners, primary producers, and industry with international and domestic markets through its extensive national rail and road network.
Macquarie is positive on the company and has an outperform rating and a $4.12 price target on its shares. As for dividends, it expects partially franked dividends of 14.8 cents per share in FY 2023 and then 19.3 cents per share in FY 2024. This equates to dividend yields of 4% and 5.2%, respectively.
Coles Group Ltd (ASX: COL)
Another ASX dividend stock that could be a buy is Coles. It is one of the big two supermarket operators in Australia.
Morgans is bullish on the company and currently has an add rating and a $19.85 price target on its shares. In respect to dividends, the broker is forecasting fully franked 66 cents per share dividends in both FY 2023 and FY 2024. This will mean yields of 3.65% in both years.
Telstra Group Ltd (ASX: TLS)
A final ASX dividend stock that could be a buy is Telstra. It is of course Australia's leading telecommunication company.
The team at Goldman Sachs is positive on the company and has a buy rating and a $4.80 price target on its shares. As for income, the broker is forecasting fully franked dividends of 17 cents per share in FY 2023 and then 18 cents per share in FY 2024. This equates to fully franked yields of 4% and 4.3%, respectively.
