If you're looking to boost your income with some ASX dividend stocks, then you might want to consider the three listed below.
These shares have been named as buys and are expected to provide investors with attractive dividend yields in the near term. Here's what you need to know about them:
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APA Group (ASX: APA)
The first ASX dividend stock that could be a buy for income investors is APA Group. It is a leading energy infrastructure company that has a long track record of dividend increases.
In fact, APA Group is currently on track to lift its dividend for a massive 20 years in a row.
The team at Macquarie is forecasting dividends of 57 cents per share in FY 2025 and then 57.5 cents per share in FY 2026. Based on the current APA Group share price of $7.19, this equates to 7.9% and 8% dividend yields, respectively.
Macquarie has an outperform rating and $8.13 price target on its shares.
National Storage REIT (ASX: NSR)
Another ASX dividend stock to look at is National Storage. It is a leading self-storage operator with a portfolio of over 250 centres. From these centres, the company provides tailored storage solutions to almost 100,000 residential and commercial customers.
The good news is that management still sees plenty of room to grow its storage network in the future. At the end of FY 2024, it had 46 active development projects with aggregate NLA pipeline of approximately 382,000m2.
Analysts at Citi are positive on the company and believe it is well-placed to pay dividends per share of 11.3 cents in FY 2025 and then 11.9 cents in FY 2026. Based on its current share price of $2.53, this will mean dividend yields of 4.5% and 4.7%, respectively.
Citi has a buy rating and $2.70 price target on its shares.
Rural Funds Group (ASX: RFF)
A third ASX dividend stock for income investors to look at is this agricultural focused real estate investment trust (REIT).
Rural Funds has a high quality portfolio of assets across a range of agricultural industries. These include almond and macadamia orchards, premium vineyards, water entitlements, cropping and cattle farms.
The company notes that these properties are leased on long term agreements to major players in the industry. This includes Australia's largest meat processor, JBS Australia, wine giant Treasury Wine Estates Ltd (ASX: TWE), and leading almond producer Select Harvests Limited (ASX: SHV).
Combined with built in periodic rental increases, this provides Rural Funds with great visibility on its future earnings and dividends.
In respect to the latter, the team at Bell Potter is forecasting 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 $1.87, this represents a yield of 6.3% and 6.5%, respectively.
Bell Potter has a buy rating and $2.50 price target on its shares.
