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If you're on the lookout for ASX dividend shares to bolster your income, two options recently highlighted by brokers may pique your interest.
- Aurizon Holdings Ltd (ASX: AZJ)
Aurizon operates an extensive rail network that connects miners, primary producers, and industry players to international and domestic markets. Macquarie is bullish on Aurizon, forecasting substantial dividend yields in the coming years. The broker anticipates partially franked dividends of 19.1 cents per share in FY 2024 and 24.5 cents per share in FY 2025. With the current Aurizon share price at $3.60, this translates to impressive yields of 5.3% and 6.8%, respectively. Macquarie maintains an outperform rating on Aurizon shares, setting a $4.04 price target.
- Stockland Corporation Ltd (ASX: SGP)
Stockland is a prominent residential developer in Australia, specializing in masterplanned communities and medium-density housing. Citi designates Stockland as its top pick in the industry, citing a favorable residential cycle outlook and robust growth in non-residential segments of the business. Citi projects dividends per share of 27 cents in both FY 2024 and FY 2025. With the current Stockland share price at $3.95, this implies substantial yields of 6.8% for both financial years. Citi holds a buy rating on Stockland shares, setting a $5.00 price target.
For income-focused investors, these ASX 200 dividend shares offer the prospect of attractive yields, backed by positive assessments from reputable brokers. As always, potential investors should conduct their own research and consider their individual financial goals and risk tolerance before making investment decisions.
