Do you have room for some new ASX dividend stocks in your income portfolio?
If you do, then it could be worth looking at the three listed below in this article.
Analysts are feeling bullish about them and believe they could provide investors with attractive dividend yields. Here's what they are forecasting from them:
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Rural Funds Group (ASX: RFF)
Bell Potter thinks that Rural Funds could be a top ASX dividend stock to buy this month.
It is an agricultural-focused property company with a portfolio of assets including almond orchards, macadamia orchards, vineyards, cattle properties, and cropping properties.
The broker thinks that these properties leave Rural Funds well-placed to reward its shareholders with dividends per share of 11.7 cents in both FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.08, this will mean dividend yields of 5.6% in both years.
Bell Potter has a buy rating and $2.40 price target on its shares.
SRG Global Ltd (ASX: SRG)
SRG Global could be another ASX dividend stock to buy in July according to Bell Potter. It is a diversified industrial services group that provides multidisciplinary construction, maintenance, production drilling and geotechnical services.
Bell Potter rates the company highly. Its analysts note that its "short-to-medium term outlook is reinforced by Government-stimulated construction activity." This could bode well for dividend payments in the coming years.
For example, the broker is forecasting SRG Global to pay shareholders fully franked dividends of 4.7 cents in FY 2024 and then 6.7 cents in FY 2025. Based on its current share price of 89 cents, this will mean dividend yields of 5.3% and 7.5%, respectively.
Bell Potter currently has a buy rating and $1.30 price target on its shares.
Super Retail Group Ltd (ASX: SUL)
A third ASX dividend stock that could be a buy is Super Retail. It is the retail company behind store brands BCF, Macpac, Rebel, and Super Cheap Auto.
The team at Goldman Sachs thinks it would be a great option for investors. Its analysts believe that Super Retail is "building a competitive advantage through 11.1mn members and 76% sales to members." Its analysts think this will "help drive sales in a more complex operating environment."
Goldman expects this to allow Super Retail to pay fully franked dividends per share of 67 cents in FY 2024 and then 73 cents in FY 2025. Based on the latest Super Retail share price of $14.63, this will mean dividend yields of 4.6% and 5%, respectively.
The broker has a buy rating and $17.80 price target on its shares.
