Analysts name 4 ASX dividend shares to buy for passive income

Let's see what sort of income these shares could provide investors.

| More on:
A woman relaxes on a yellow couch with a book and cuppa, and looks pensively away as she contemplates the joy of earning passive income.

Image source: The Motley Fool

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Wanting some new ASX dividend shares for a source of passive income?

If you are then take a look at the four listed below that analysts think could be top buys right now.

Here's what you need to know about them:

Healthco Healthcare and Wellness REIT (ASX: HCW)

The team at Bell Potter sees Healthco Healthcare and Wellness REIT as a top ASX dividend share to buy right now. It is a property company with a focus on health and wellness assets. This includes hospitals, aged care facilities, and primary care properties.

Bell Potter believes the company will be in a position to pay dividends of 8.4 cents per share for FY 2025 and then 8.7 cents per share in FY 2026. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.17, this will mean dividend yields of 7.2% and 7.4%, respectively.

The broker currently has a buy rating and $1.50 price target on its shares.

IPH Ltd (ASX: IPH)

Goldman Sachs thinks leading intellectual property solutions company IPH is an ASX dividend share to buy.

The broker expects IPH's defensive earnings and organic growth to allow it to pay fully franked dividends per share of 37 cents in FY 2025 and then 40 cents in FY 2026. Based on the current IPH share price of $5.66, this represents yields of 6.5% and 7.1%, respectively.

Goldman has a buy rating and $8.25 price target on its shares.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that could be a buy is Rural Funds. It is a growing property company that owns a portfolio of assets across a number of agricultural industries.

Analysts at Bell Potter are positive on the company's outlook and feel that its shares are undervalued.

The broker is also forecasting some attractive dividend yields. It is expecting dividends per share of 11.7 cents in FY 2025 and then 12.2 cents in FY 2026. Based on the current Rural Funds share price of $1.94, this will mean yields of 6% and 6.3%, respectively.

Bell Potter has a buy rating and $2.50 price target on its shares.

SRG Global Ltd (ASX: SRG)

A final ASX dividend share that could be a top buy according to analysts is SRG Global. It is a diversified industrial services group that provides multidisciplinary construction, maintenance, production drilling and geotechnical services.

Bell Potter is also positive on this company. It highlights that its "short-to-medium term outlook is reinforced by Government-stimulated construction activity."

The broker believes this will underpin the payment of fully franked dividends of 5 cents in FY 2025 and then 6 cents in FY 2026. Based on its current share price of $1.18, this will mean dividend yields of 4.2% and 5.1%, respectively.

Bell Potter has a buy rating and $1.40 price target on its shares.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended IPH and Srg Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Happy man in a holiday shirt holding out Australian dollar notes, symbolising dividends.
Dividend Investing

3 ASX 300 shares with ex-dividend dates before the end of 2024

Do you want the latest payment from these shares that are set to trade ex-dividend?

Read more »

Happy man holding Australian dollar notes, representing dividends.
Dividend Investing

Buy these ASX dividend stocks for 4% to 7% yields

These shares could be top options for income investors according to analysts.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

2 high-yield ASX dividend shares for Australian retirees

Analysts are tipping these shares as buys and expect big things from them.

Read more »

a Christmas present wrapped in one hundred dollar notes and finished with a big red bow
Dividend Investing

Top ASX dividend shares to buy in December and hold for 20 years

All I want for Christmas is...

Read more »

A happy older couple relax in a hammock together as they think about enjoying life with a passive income stream.
Dividend Investing

3 Australian dividend shares for stress-free passive income

Looking for passive income? Analysts think these shares could be top options.

Read more »

Woman calculating dividends on calculator and working on a laptop.
Dividend Investing

Looking for an income boost? Buy these ASX 200 dividend shares

Let's see which dividend shares are being tipped as buys by analysts this month.

Read more »

A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements
Dividend Investing

Brokers says these ASX dividend stocks are top buys

Here's why analysts are tipping these income stocks as buys.

Read more »

The sea's vastness is rivalled only by the refreshing feel of the drinks two friends share as they saunter along its edge, symbolising passive income.
Dividend Investing

These 2 ASX dividend shares have grown their dividend every year for 20 years!

It’s impressive how consistent these stocks have been with their payouts.

Read more »