Are you looking for ASX dividend shares to buy to boost your income portfolio? If you are, then you may want to look at the two named below that have recently been tipped as buys by brokers.
Here's what you need to know about these dividend shares right now:
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Aurizon Holdings Ltd (ASX: AZJ)
The first ASX dividend share that could be a buy for income investors is Aurizon.
It connects Australian miners, primary producers, and industry with international and domestic markets via its national rail and road network.
Macquarie is positive on Aurizon and believes it is well-positioned to pay big dividends in the coming years.
It is forecasting 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 $3.69, this will mean yields of 5% and 6.8%, respectively.
Macquarie has an outperform rating and a $4.05 price target on its shares.
Universal Store Holdings Ltd (ASX: UNI)
Morgans remains very positive on this youth fashion retailer and believes it could be an ASX dividend share to buy.
Its analysts appear to believe that share price weakness this year has created a buying opportunity for investors. Particularly given its positive long-term outlook from store expansion opportunities and its cheap valuation.
As for dividends, Morgans is forecasting fully franked dividends of 26 cents per share in FY 2024 and 29 cents per share in FY 2025. Based on the current Universal Store share price of $3.25, this implies yields of 8% and 8.9%, respectively.
Morgans has an add rating and a $4.25 price target on its shares.
