Are you looking for ASX dividend stocks to buy? If you are, then you may want to look at the two named below that have recently been tipped as buys.
Here's why analysts rate these dividend stocks highly right now:
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Sonic Healthcare Limited (ASX: SHL)
The first ASX dividend stock that could be a buy is Sonic Healthcare. It is a leading medical diagnostics company with operations across the world.
The team at Morgans is positive on the company and has an add rating and a $36.55 price target on its shares.
It recently said: "[M]anagement is accelerating the reduction in legacy pandemic costs. We believe this focus, along with numerous other near/medium term growth initiatives, supports a recovery in underlying profitability."
As for dividends, it is forecasting fully franked dividends per share of $1.09 in FY 2024 and then $1.14 in FY 2025. Based on the current Sonic share price of $30.32, this will mean yields of 3.6% and 3.75%, respectively.
Stockland Corporation Ltd (ASX: SGP)
Another ASX dividend stock that could be a buy according to analysts is Stockland. It is a residential and land lease developer and retail, logistics and office real estate property manager.
Citi is positive on Stockland and feels the company's shares are trading at an attractive level. Last month, its analysts stated that they "see the current share price pullback as a good buying opportunity."
Citi currently has a buy rating and a $5 price target on its shares.
As well as decent upside, the broker is forecasting some very big dividend yields in the near term. It expects dividends per share of 26.6 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $3.86, this will mean yields of 6.9% in both financial years.
