Looking for ASX dividend stocks for your income portfolio? 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:
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Accent Group Ltd (ASX: AX1)
Bell Potter thinks that Accent is an ASX dividend stock to buy. It is the company behind a large number of footwear-focused retail store brands such as Stylerunner, HYPEDC, and Sneaker Lab.
The broker currently has a buy rating and a $2.50 price target on its shares.
As for income, it is forecasting fully franked dividends per share of 12 cents in FY 2024 and then 14.1 cents in FY 2025. Based on the current Accent share price of $1.83, this represents dividend yields of 6.7% and 7.9%, respectively.
Dalrymple Bay Infrastructure Ltd (ASX: DBI)
Over at Citi, its analysts think that Dalrymple Bay Infrastructure is an ASX dividend stock to buy. It is the long-term operator of the Dalrymple Bay Coal Terminal.
Citi currently has a buy rating and a $3 price target on its shares.
In respect to 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 $2.70, this will mean yields of 7.6% and 8.15%, respectively.
Stockland Corporation Ltd (ASX: SGP)
Another ASX dividend stock that Citi likes is Stockland. It is a residential and land lease developer and retail, logistics and office real estate property manager.
Citi is positive on the company due to its "strong medium-term growth outlook and cheap valuation." The broker currently has a buy rating and a $5 price target on its shares.
As for income, Citi is forecasting dividends per share of 27 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $4.15, this will mean yields of 6.5% in both years.
