If you're on the hunt for dividend income, it could be worth considering the ASX dividend shares listed below when the market reopens.
They have recently been named as buys by analysts and tipped to offer good dividend yields. Here's what is being recommended:
The first ASX dividend share to look at is Cedar Woods. It is one of the country's leading residential property developers.
Bell Potter is positive on the company and has a buy rating and $7.30 price target on its shares.
As for income, it believes Australia's chronic housing shortage will underpin strong earnings and fully franked dividends of 28 cents per share in FY 2025 and then 32 cents per share in FY 2026. Based on its current share price of $6.89, this equates to dividend yields of 4.1% and 4.6%, respectively.
Another ASX dividend share to look at is Sonic Healthcare. It is one of the largest pathology and diagnostic imaging providers in the world.
Bell Potter is also bullish on this one. It has a buy rating and $33.70 price target on its shares.
In respect to dividends, the broker is forecasting payouts of 107 cents per share in FY 2025 and then 109 cents per share in FY 2026. Based on its current share price of $26.39, this represents dividend yields of 4% and 4.1%, respectively.
Stockland is a diversified property company with exposure to residential communities, retirement living, and logistics real estate.
Morgan Stanley is positive on the company and recently put an overweight rating and $6.75 price target on its shares.
Its analysts believe Stockland is positioned to pay dividends per share of 25 cents in FY 2025 and then 26.8 cents in FY 2026. Based on its current share price of $5.60, this represents yields of 4.5% and 4.8%, respectively.
Super Retail is the owner of Supercheap Auto, Rebel, BCF and Macpac. Citi thinks it could be a cheap ASX dividend share to buy next week.
The broker likes the resilience of its businesses and its attractive dividend yield. It currently has a buy rating and $16.50 price target on its shares.
Citi expects the company to pay dividends of $1.15 per share in FY 2025 and then $1.18 per share in FY 2026. Based on its current share price of $13.86, this would mean dividend yields of 8% and 8.5%, respectively.
Finally, Telstra could be an ASX dividend share to buy according to analysts at Macquarie.
The broker is feeling positive on the telco giant's outlook following the release of its Connected Future 30 strategy. It has an outperform rating and $5.28.
Macquarie is now forecasting fully franked dividends per share of 19.9 cents in FY 2025 and then 22 cents in FY 2026. Based on its current share price of $4.89, this would mean dividend yields of 4.1% and 4.5%, respectively.
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