Are you looking for some new additions to your income portfolio in December?
If you are, then the two ASX dividend stocks in this article could be worth a closer look.
Here's what analysts are saying about these buy-rated stocks right now:
The first ASX dividend stock that could be a buy according to analysts is Aspen Group.
It is a leading provider of quality affordable accommodation across residential, land lease, and holiday park communities.
Bell Potter is a big fan of the company. It highlights that it likes Aspen because of its strong track record and high return on equity focus. In response to a recent trading update, the broker said:
Strong update from APZ early in FY25 is a positive indicator for the year and further runway ahead with both improving volume and margin. Indeed, APZ remains one of our highest conviction picks across our coverage universe. APZ's affordable market segment (c.40% of Aus households with income <$90k pa) as well as conservative underwriting place it in a strong position to deliver sales and settlements despite challenges others may be facing.
In respect to dividends, Bell Potter is forecasting dividends per share of 10 cents in FY 2025 and then 10.3 cents in FY 2026. Based on the current Aspen share price of $2.50, this will mean dividend yields of 4% and 4.1%, respectively.
The broker currently has a buy rating and $2.75 price target on its shares.
Another ASX dividend stock that could be a buy is HomeCo Daily Needs.
It is a property company with a focus on neighbourhood retail and large format retail assets. Its largest tenants include Coles Group Ltd (ASX: COL), Wesfarmers Ltd (ASX: WES), and Woolworths Group Ltd (ASX: WOW).
Morgans is positive on the company and believes it is well-placed for growth due to favourable trends and its development pipeline. It recently said:
The portfolio has resilient cashflows and continues to be a beneficiary of accelerating click & collect trends. +80% of tenants are national and ~75% of tenants offer click & collect reinforcing the importance of assets being able to support 'last mile logistics'. Sites are also in strategic locations with strong population growth (+80% metro). HDN offers an attractive distribution yield and the development pipeline provides growth opportunities.
As for income, the broker is forecasting dividends per share of 8.5 cents in FY 2025 and then 8.7 cents in FY 2026. Based on the current HomeCo Daily Needs share price of $1.21, this will mean dividend yields of 7% and 7.2%, respectively.
Morgans has an add rating and $1.36 price target on its shares.
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