Looking for ASX dividend shares to buy for your income portfolio in November?
If you are, then you could check out the three listed below that have been tipped as buys.
Here's what brokers are saying about these shares:
Image source: Getty Images
Dalrymple Bay Infrastructure Ltd (ASX: DBI)
The first ASX dividend share to consider buying is Dalrymple Bay Infrastructure. It is the long-term operator of the Dalrymple Bay Coal Terminal (DBCT).
Citi is feeling positive and recently put a buy rating and $3 price target on its shares.
As for dividends, the broker is forecasting dividends per share of 20.6 cents in FY 2023 and 22 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.71, this will mean juicy yields of 7.6% and 8.1%, respectively.
QBE Insurance Group Ltd (ASX: QBE)
Goldman Sachs thinks that QBE could be an ASX dividend share to buy with an $18.09 price target.
This is because it believes that rates "earned over the next 12 months will like be well ahead of moderating inflation." The broker expects this "to offset reinsurance / perils cost pressure and likely support improving underlying trends."
In respect to dividends, Goldman is forecasting dividends of 60 US cents (94.1 cents) per share in FY 2024 and 62 US cents (97.3 cents) per share in FY 2025. Based on the current QBE share price of $15.60, this will mean yields 6% and 6.2%, respectively.
Rural Funds Group (ASX: RFF)
A final ASX dividend share that could be a buy is Rural Funds. It is an agricultural property company that owns a portfolio of assets across categories such as orchards, vineyards, cattle, and poultry.
Bell Potter feels that its shares are dirt cheap at present. The brokers highlights that its shares are trading at their "largest discount to market NAV since listing." In light of this, it recently put a buy rating and a $2.40 price target on its shares.
As for income, the broker is forecasting dividends per share of 11.7 cents in FY 2024 and FY 2025. Based on the current Rural Funds share price of $1.79, this will mean yields of 6.5% for investors.
