Investors that are looking for ASX dividend stocks to buy might want to check out the three listed below that have been named as buys.
Here's what brokers are expecting from them:
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ANZ Group Holdings Ltd (ASX: ANZ)
This banking giant could be an ASX dividend stock to buy right now. That's the view of analysts at Goldman Sachs, who rate it as their top pick in the big four.
The broker currently has a buy rating and a $27.55 price target on its shares.
As for dividends, Goldman Sachs is forecasting fully franked dividends per share of $1.62 in both FY 2023 and FY 2024. Based on the current ANZ share price of $24.26, this will mean dividend yields of 6.7%.
Aurizon Holdings Ltd (ASX: AZJ)
Another ASX dividend stock that could be a buy according to brokers is Aurizon. It is Australia's largest rail freight operator. Its vast network connects miners, primary producers, and industry with international and domestic markets.
Macquarie is positive on the company and recently put an outperform rating and $4.04 price target on its shares.
In respect to dividends, the broker expects partially franked dividends of 18.4 cents per share in FY 2024 and then 25.1 cents per share in FY 2025. Based on the latest Aurizon share price of $3.72, this will mean yields of 4.9% and 6.7%, respectively.
HomeCo Daily Needs REIT (ASX: HDN)
HomeCo Daily Needs could be a final ASX dividend stock to buy according to brokers. It is a property company with a focus on neighbourhood retail, large format retail, and health and services.
Morgans is a fan of the company and this month put an add rating and $1.39 price target on its shares.
As for income, the broker is forecasting dividends per share of 8.3 cents in FY 2024 and then 8.5 cents in FY 2025. Based on the current HomeCo Daily Needs share price of $1.16, this will mean yields of 7.1% and 7.3%, respectively.
