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

Analysts think these buy-rated stocks will pay generous dividends in the near term.

| More on:
Happy young woman saving money in a piggy bank.

Image source: Getty Images

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

Are you looking for some new additions to your income portfolio in November?

If you are, then the three ASX dividend stocks listed below could be worth considering.

Here's what sort of dividend yields brokers are forecasting from these buy-rated stocks in the near term:

Aspen Group Limited (ASX: APZ)

The first ASX dividend stock that brokers are tipping as a buy is Aspen Group. It is a leading provider of quality affordable accommodation across residential, land lease, and holiday park communities.

Bell Potter likes the company because of its strong track record and high return on equity focus. The latter is on sub-sectors that are non-fungible and repeatable over time.

In respect to dividends, Bell Potter is forecasting dividends per share of 9.5 cents in FY 2025 and then 10.3 cents in FY 2026. Based on the current Aspen share price of $2.20, this will mean dividend yields of 4.3% and 4.7%, respectively.

The broker has a buy rating and $2.40 price target on its shares.

Clearview Wealth Ltd (ASX: CVW)

Clearview Wealth could be another ASX dividend stock to buy according to analysts at Morgans. It is a life insurance business that partners with financial advisers to help Australians protect their wealth.

Morgans believes its transformation program will underpin strong earnings and dividend growth in the coming years. In respect to the latter, the broker is forecasting fully franked dividends of 3.6 cents per share in FY 2025 and then 4.3 cents per share in FY 2026. Based on the current Clearview share price of 52.5 cents, this would mean dividend yields of 6.8% and 8.2%, respectively.

Morgans has an add rating and 81 cents price target on its shares.

Origin Energy Ltd (ASX: ORG)

A third ASX dividend stock that could be a buy is Origin Energy. It is a leading provider of electricity, gas, LPG, solar and internet to homes and businesses across the country.

The team at Goldman Sachs is positive on the company. The broker expects its "APLNG earnings diversification to support strong FCF & returns." It highlights that "~50% of FY25E EBITDA from APLNG should reduce risk, while supporting a strong 9% FCF yield."

In respect to dividends, the broker is forecasting fully franked dividends per share of 48 cents in FY 2025 and then 58 cents in FY 2026. Based on its current share price of $9.67, this would mean dividend yields of 5% and 6%, respectively.

Goldman Sachs has a buy rating and $10.45 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 Aspen Group and Goldman Sachs Group. The Motley Fool Australia has recommended Aspen Group. 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

Male hands holding Australian dollar banknotes, symbolising dividends.
Dividend Investing

5 ASX 200 shares with ex-dividend dates next week

Do you own any of these shares that are primed to pay out?

Read more »

A couple makes silly chip moustache faces and take a selfie on their phone.
Dividend Investing

Invested $5,000 in Telstra shares in 2021? Here's how much passive income you've already earned

Atop the share price gains, how much passive income have investors earned from their Telstra stock?

Read more »

Happy couple enjoying ice cream in retirement.
Dividend Investing

Buy Telstra and this ASX dividend stock now

Analysts are saying good things about these dividend stocks. Let's see why they are bullish.

Read more »

A smiling woman with a handful of $100 notes, indicating strong dividend payments
Dividend Investing

Invest $20,000 in 2 ASX dividend shares for $1,500 in passive income

Analysts expect big yields from these passive income shares over the next couple of years.

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

These buy-rated ASX 200 dividend shares offer 4.6% to 10% yields

Income investors might want to check out these dividend shares that brokers rate as buys.

Read more »

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

Invest $8,000 in this ASX dividend stock for $880 in passive income

I think this stock can provide attractive levels of dividends.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

This Australian dividend stock pays at 7%!

Goldman Sachs expects huge yields from this buy-rated income stock.

Read more »

Happy woman looking for groceries. as she watches the Coles share price and Woolworths share price on her phone
Dividend Investing

Buy Coles and these ASX 200 dividend shares

Analysts are tipping these stocks as buys for income investors.

Read more »