If you want to bolster your income portfolio this month with some new additions, then it could be worth checking out the ASX dividend shares listed below that analysts rate as buys.
Here's what they are expecting from them:
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Dexus Industria REIT (ASX: DXI)
The first ASX dividend share that analysts think could be in the buy zone is Dexus Industria. It is a real estate investment trust primarily invested in high-quality industrial warehouses located across Sydney, Melbourne, Brisbane, Perth and Adelaide. At the last count, its portfolio was valued at $1.6 billion.
The team at Morgans is feeling bullish and has an add rating and a $3.18 price target on its shares.
As for income, it is forecasting dividends per share of 16.4 cents in FY 2024 and 16.6 cents in FY 2025. Based on the current Dexus Industria share price of $2.75, this will mean dividend yields of 5.9% and 6%, respectively.
Macquarie Group Ltd (ASX: MQG)
Another ASX dividend share that has been tipped as a buy is investment bank Macquarie.
Morgan Stanley is feeling positive about the bank and appears to believe its shares are good value based on its expectation for an earnings rebound in FY 2025. The broker has an overweight rating and a $202 price target on the company's shares.
In respect to dividends, the broker is expecting partially franked dividends of $6.45 per share in FY 2024 and $6.75 per share in FY 2025. Based on the current Macquarie share price of $179.51, this will mean yields of 3.6% and 3.75%, respectively.
Transurban Group (ASX: TCL)
A final ASX dividend share that has been tipped as a buy for income investors is Transurban. It is a toll road operator across Australia and North America.
Citi believes Transurban is well-placed for growth in the current environment thanks to inflation-linked price increases. It has a buy rating and a $15.90 price target on its shares.
The broker is expecting these increases to underpin dividends per share of 63.4 cents in FY 2024 and 64.6 cents in FY 2025. Based on the current Transurban share price of $13.79, this will mean yields of 4.6% and 4.7%, respectively.
