Analysts Foresee Robust Yields from These 3 ASX Dividend Stocks

October 04, 2023 07:00 AM AEDT | By Team Kalkine Media
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In the intricate world of stock investing, where stability and reliable income are sought, dividend shares on the Australian Securities Exchange (ASX) emerge as alluring options. Within this realm, three key ASX dividend stocks have recently captured the attention of analysts, presenting potential buy opportunities for investors looking to bolster their portfolios.

1. Charter Hall Group (ASX: CHC)

Overview: Charter Hall Group, a prominent player in the property sector, manages and develops assets across office, retail, industrial, and residential domains. With a diversified portfolio, Charter Hall stands out as a resilient contender in the real estate market. Citi analysts express significant confidence in the company, issuing a buy rating and projecting an impressive $14.00 price target, signaling substantial upside potential.

Dividend Outlook: Beyond its growth potential, ASX CHC is poised to offer attractive dividends. Projections indicate dividends per share of 45.1 cents in FY 2024 and 47.8 cents in FY 2025. With the current share price at $9.20, this translates to noteworthy yields of 4.9% and 5.2%, respectively, offering a compelling income component for investors.

2. Dexus Industria REIT (ASX: DXI)

Overview: Dexus Industria REIT, focusing on industrial warehouses, aligns with the evolving landscape of increased demand for logistics and storage spaces. Recognizing its strategic positioning, Morgans analysts endorse the ASX DXI with an add rating and a $3.19 price target.

Dividend Outlook: Dexus Industria REIT aims to provide robust dividends, with forecasts suggesting dividends per share of 16.4 cents in FY 2024 and 17 cents in FY 2025. At the current share price of $2.57, this equates to substantial dividend yields of 6.3% and 6.5% for the respective years, positioning it as an appealing income option.

3. Dicker Data Ltd (ASX: DDR)

Overview: Dicker Data Ltd, a key player in technology distribution, specializing in hardware, software, cloud, and cybersecurity, attracts attention with an outperform rating and a $11.00 price target from Morgan Stanley.

Dividend Outlook: Morgan Stanley anticipates ASX DDR to deliver solid dividends, with forecasts indicating fully franked dividends per share of 43.8 cents in FY 2023 and 48.8 cents in FY 2024. Considering the current share price of $9.69, investors can potentially enjoy yields of 4.5% and 5% for the respective years.


As investors navigate the complex landscape of the stock market, these ASX dividend shares stand out as potential anchors for stable income streams. However, it's crucial for investors to conduct thorough research, align their investments with financial goals, and seek guidance from financial experts to ensure a well-informed and resilient investment strategy. In the dynamic world of finance, informed decisions pave the way for long-term success.


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