Are you on the lookout for some new additions to your income portfolio in June?
Well, if you are, then read on. That's because listed below are three ASX dividend stocks that brokers have recently named as buys and tipped to offer attractive dividend yields.
Here's what you can expect from them in the coming years:
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GDI Property Group Ltd (ASX: GDI)
Analysts at Bell Potter are tipping this property company's shares as a buy. Especially given their expectation that GDI Property is well-positioned to pay some big dividends in the coming years.
For example, the broker is forecasting dividends per share of 5 cents across FY 2024, FY 2025, and FY 2026. Based on the current GDI Property share price of 61 cents, this implies dividend yields of 8.2% for the next three years.
Bell Potter has a buy rating and 75 cents price target on its shares.
Rural Funds Group (ASX: RFF)
Another ASX dividend stock that Bell Potter is feeling bullish about is Rural Funds.
It is another property company. However, it is very different to GDI Property. It owns a portfolio of high-quality agricultural assets. This includes across industries such as orchards, vineyards, water entitlements, cropping, and cattle farms.
In respect to dividends, the broker is forecasting dividends per share of 11.7 cents in both FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.00, this will mean yields of 5.85% for investors.
Bell Potter currently has a buy rating and $2.40 price target on its shares.
Telstra Group Ltd (ASX: TLS)
A third ASX dividend stock that has been tipped as a buy is Telstra. It is of course Australia's leading telecommunications company.
The team at Goldman Sachs continues to be positive on the company. It recently reiterated that its analysts "believe the low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business, is attractive."
Speaking of dividend growth, the broker is forecasting fully franked dividends of 18 cents per share in FY 2024 and then 18.5 cents per share in FY 2025. Based on the current Telstra share price of $3.55, this equates to fully franked yields of 5.1% and 5.2%, respectively.
Goldman currently has a buy and $4.25 price target on its shares.
