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If you are looking to increase your income with some dividend stocks, you may want to consider the ones listed below.
Here’s why analysts gave a purchase rating:
Aurison Holdings Co., Ltd. (ASX: AZJ)
The first ASX dividend share to look at is Aurizon. Australia’s largest rail freight carrier, connecting miners, primary producers and the industry with international and domestic markets. It provides customers with integrated freight and logistics solutions across Australia’s extensive national rail and road network.
One of the positive brokers for the company is Macquarie. We also believe the company has approximately $ 1 billion in balance sheet capacity to drive growth through acquisitions.
Macquarie is currently outperforming its stock rating and has a price target of $ 4.32, predicting large dividends over the next few years.
Macquarie expects a partial dividend of 27.8 cents per share in 2021 and 28.6 cents per share in 2022. Based on the latest Aurizon share price of $ 3.89, this means yields of 7.15% and 7.35%, respectively.
Another ASX dividend share to consider is Transurban. This major toll road operator has an important road portfolio in Melbourne, Sydney, Brisbane, Greater Washington, the United States, Montreal and Canada.
The recovery from the pandemic has been hit by the recent blockade, but it will bounce back strongly when the restrictions are relaxed again.
Analysts at Ord Minnett are very positive about the company and have a purchase rating for its shares and a price target of $ 16.00. Brokers expect the recent blockage to weigh on the first quarter of 2022, but traffic volume is expected to recover thereafter. In the long run, brokers believe that Transurban is well suited for the next phase of its growth, thanks to its pipeline of significant opportunities.
So far, Ord Minnett forecasts a dividend of 36.5 cents per share in 2021 and 57.7 cents per share in 2022. Based on the latest Transurban share price of $ 14.14, this means yields of 2.6% and 4.1%.
Two ASX Dividend Stocks Loved by Analysts
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