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Analyst names two ASX dividend stocks to buy next week

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With the cost of living continuing to rise, income investors may want to look into the dividend stocks listed below to boost their income.

Here are the two reasons ASX Dividend Stock Rated Purchased:

Charter Hall Retail REIT (ASX: CQR)

The first dividend stock to watch is Charter Hall Retail REIT. The REIT provides investors with exposure to the neighborhood and sub-regional shopping center market, primarily focusing on Australian supermarkets.

The Macquarie team likes the company. Last week, the broker maintained an outperform rating with his improved price target of $4.23.

We are pleased to announce the acquisition of a portfolio of 18 Gull service stations in New Zealand and to extend our partnership. Ampole Co., Ltd. (ASX:ALD).

In terms of dividends, the broker expects dividends per share of 24.5 cents in fiscal 2022 and 23.3 cents in fiscal 2023. Based on the current Charter Hall Retail REIT stock price of $4.06, this represents potential yields of 6% and 5.7%, respectively. .

Mineral Resources Limited (ASX: MIN)

Another ASX dividend stock to watch is Minerals. This mining and mining services company could be a top choice for income investors who are not averse to investing in the resources sector.

Goldman Sachs is very positive about the company, with a buy rating and a price target of $65.80.

Analysts at the firm like Mineral Resources for its “attractive near-term volume and earnings growth” and “attractive valuation” of about 0.9 times NAV and about four times 2023 EBITDA.

In terms of dividends, Goldman expects a fully-flanked dividend of 67 cents per share in fiscal 2022 and 296 cents per share in fiscal 2023. Based on the latest Mineral Resources stock price of $57.65, this means yields of 1.1% and 5.1% for him. Respectively.

Analyst names two ASX dividend stocks to buy next week

Source link Analyst names two ASX dividend stocks to buy next week

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