Buy these ASX dividend shares for 4% to 5% yields

Good yields could be on offer from these shares according to analysts.

| More on:
A woman in a bright yellow jumper looks happily at her yellow piggy bank representing bank dividends and in particular the CBA dividend

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

If you are wanting to boost your passive income with some ASX dividend shares, then the three listed below could be worth considering.

These dividend shares have been named as buys and tipped to provide 4% to 5% dividend yields in the coming years.

Here's what brokers are saying about them:

DEXUS Property Group (ASX: DXS)

The first ASX dividend share to look at is Dexus.

It is one of Australia's leading fully integrated real estate groups. Dexus's $14.5 billion high quality portfolio comprises predominantly $9.6 billion in office and $3.5 billion in industrial.

Management also highlights that it has a $15.6 billion real estate development pipeline that provides the opportunity to grow both portfolios and enhance future returns.

Macquarie is a fan of the company. Earlier this month, the broker responded to Dexus' half year results by putting an outperform rating and $8.08 price target on its shares.

As for dividends, the broker is forecasting dividends per share of 37 cents in FY 2025 and 38.9 cents in FY 2026. Based on the latest Dexus share price of $7.45, this will mean yields of 5% and 5.2%, respectively.

Super Retail Group Ltd (ASX: SUL)

The team at Goldman Sachs thinks that Super Retail could be an ASX dividend share to buy. It is the diversified retailer behind the BCF, Supercheap Auto, Macpac, and Rebel brands.

While the broker acknowledges that Super Retail's half year earnings were a touch weaker than expected, it believes that a post-results pullback has created a buying opportunity. Goldman has put a buy rating and $15.50 price target on its shares.

As for income, its analysts are forecasting 64 cents per share in FY 2025 and then 66 cents per share in FY 2026. Based on its current share price of $14.10, this represents dividend yields of 4.5% and 4.7%, respectively.

Transurban Group (ASX: TCL)

A third ASX dividend share that could be a top buy for income investors is Transurban.

It is a toll road operator with a portfolio of important roads across Australia and North America. This includes the CityLink toll road in Melbourne, the Cross City Tunnel in Sydney, and AirportlinkM7 in Brisbane.

UBS is positive on the company and recently put a buy rating and $14.85 price target on its shares.

In respect to dividends, the broker is forecasting payouts of 65 cents per share in FY 2025 and then 69 cents per share in FY 2026. Based on its current share price of $13.32, this would mean dividend yields of 4.9% and 5.2%, respectively.

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, Super Retail Group, and Transurban Group. The Motley Fool Australia has positions in and has recommended Super Retail 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

A businesswoman on the phone is shocked as she looks at her watch, she's running out of time.
Dividend Investing

Looking to bank the boosted New Hope dividend? You better hurry!

Out for passive income and hoping to score the increased New Hope dividend? Read on.

Read more »

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Dividend Investing

These buy-rated ASX dividend stocks offer big yields and major upside

Analysts at Bell Potter think huge total returns could be on offer with these stocks.

Read more »

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

Why I'd buy ASX dividend shares now before the share market recovers

Here's why it could pay to buy these shares that analysts rate as buys.

Read more »

Australian notes and coins symbolising dividends.
Dividend Investing

This ASX dividend share offers an income yield of 7.4%

This could be a very fashionable dividend stock to own for income.

Read more »

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

Buy these ASX dividend shares instead of term deposits in March

Analysts expect these shares to deliver better returns than term deposits.

Read more »

A couple lying down and laughing, symbolising passive income.
Dividend Investing

No savings at 30? Here's how I'd aim to supercharge my retirement with ASX passive income shares

These three ASX dividend stocks pay an average yield of 8.9%.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Dividend Investing

Beat falling interest rates with these ASX dividend shares

Interest rates are falling but don't worry because analysts think these shares could help income investors.

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Dividend Investing

A defensive ASX 200 share offering 'an attractive alternative to banks'

A leading expert sees “positive signs developing” for this defensive ASX 200 share.

Read more »