Highlights
- GDI Property tipped by Bell Potter with an 8.2% dividend yield forecast for FY 2025 and FY 2026.
- Inghams Group backed by Morgans with an expected 5.8% dividend yield for the next two years.
- Both stocks have strong upside potential, with price targets of 80 cents for GDI and $3.66 for Inghams.
GDI Property (ASX:GDI)
GDI Property Group has caught the attention of Bell Potter, which has labeled it a top ASX dividend stock to buy. The company is an internally managed property and funds management group specializing in ownership, leasing, refurbishment, and syndication.
Bell Potter expects GDI to deliver strong dividends, forecasting 5 cents per share payouts in both FY 2025 and FY 2026. Based on its current share price of 61 cents, this equates to an impressive 8.2% yield for the next two years.
Beyond its dividend appeal, Bell Potter sees strong growth potential in GDI’s shares, setting a price target of 80 cents, which implies a notable upside from current levels.
Inghams Group (ASX:ING)
Inghams Group, Australia’s largest poultry producer, has also been identified as a strong dividend opportunity. Investment firm Morgans sees the recent weakness in Inghams’ share price as a buying opportunity, highlighting its resilient earnings and attractive dividend outlook.
Morgans forecasts fully franked dividends of 19 cents per share in FY 2025 and FY 2026, translating to a 5.8% dividend yield at the current share price of $3.28.
Additionally, the broker has given Inghams an "add" rating with a price target of $3.66, reflecting further upside potential.