Invest in Telstra and these ASX Dividend Stocks Today

In the realm of financial investments, the appeal of ASX dividend shares as a source of passive income is undeniable. Analysts are expressing optimistic sentiments through buy ratings on three particular dividend shares, anticipated to deliver not only attractive dividends but also substantial upside potential. Let's delve into the specifics of these dividend powerhouses and uncover the reasons behind the experts' bullish outlook on the ASX dividend yield.


Image Credit: Pexels

1. Rural Funds Group (ASX: RFF)

Rural Funds stands out as an agricultural property company, deriving its revenue from a diverse portfolio including almond orchards, macadamia orchards, poultry property, vineyards, and more.

Analyst Sentiment

Bell Potter is notably positive on Rural Funds, assigning it a buy rating and setting a $2.40 price target on its shares. Projections for dividends per share in FY 2024 and FY 2025 are at an attractive 11.7 cents, resulting in a compelling yield of 5.7% for investors.

2. Telstra Group Ltd (ASX: TLS)

Telstra, a major player in the telecommunications industry, has caught the eye of analysts for its low-risk earnings and dividend growth. Goldman Sachs, in particular, is bullish on Telstra, offering a buy rating and a $4.70 price target.

Dividend Outlook

Anticipated fully franked dividends of 18 cents per share in FY 2024 and 19 cents per share in FY 2025 add to Telstra's appeal. At the current share price of $3.88, investors can expect fully franked yields of 4.6% and 4.9%, respectively.


3. Universal Store Holdings Ltd (ASX: UNI)

Universal Store, a prominent youth fashion retailer, has captured the attention of analysts at Morgans. They deem the shares as "undervalued" and have accorded them an add rating with a $4.55 price target.

Dividend Projections

Morgans predicts fully franked dividends of 26 cents in FY 2024 and 29 cents in FY 2025. With the current Universal Store share price at $4.05, investors could enjoy yields of 6.4% and 7.2%, respectively.

Conclusion

In the realm of ASX dividend shares, Rural Funds, Telstra, and Universal Store emerge as compelling options. With positive buy ratings and promising dividend projections, these investments present an exciting opportunity for those seeking a reliable source of passive income.
Location: Australia

Comments

Post a Comment

Popular posts from this blog

3 Monthly Dividend Stocks for a Stable Passive Income

Image
Inflation in Canada has risen, with Statistics Canada reporting an annual rate of 2.9% in May, up from 2.7% in April. This uptick has been driven by increased prices for essential items like fresh produce, meat, and shelter, impacting households nationwide. To mitigate these rising costs, investors are increasingly seeking out high-yielding, monthly-paying dividend stocks for reliable passive income. Here’s a look at three top monthly-paying dividend stocks that offer stability and income potential, aligned with the upcoming dividend calendar . SmartCentres Real Estate Investment Trust (TSX:SRU.UN) SmartCentres REIT is a well-established player in the Canadian real estate market, owning and managing a diversified portfolio of 193 properties spanning 35.1 million square feet. The REIT benefits from strategic property locations, high occupancy rates, and a strong tenant base, contributing to stable rental income. Additionally, SmartCentres has a robust pipeline of development projects, ...
Read more

Is TSXV EXRD Suffering from Severe Operational Decline?

Image
Highlights TSXV EXRD is positioned in the exploration and resource sector with documented records. Official disclosures offer measurable data detailing TSXV EXRD’s operations. Clear, objective figures on TSXV EXRD are available in verified public records. The exploration and resource sector is recognized for its dynamic operational demands and documented data. Within this sector, TSXV EXRD stands out as an entity with established, verifiable records. Factual information on TSXV EXRD is accessible through a comprehensive company profile that presents publicly available figures. The frequent appearance of TSXV EXRD in official filings reinforces adherence to objective reporting standards. Verified Operational Records Official filings and quarterly public disclosures present clearly measurable data for TSXV EXRD. Objective records, including audited statements and regulatory filings, provide quantifiable figures associated with TSXV EXRD. A detailed company overview compil...
Read more

Is TSX Income Stocks Facing a Critical Downturn?

Image
Highlights TSX income stocks offer documented records of regular income. Official financial disclosures on TSX income stocks provide clear data. Historical figures on TSX income stocks are maintained in public records. The financial sector comprises entities known for distributing regular income to investors. TSX income stocks represent a segment with well-documented dividend distributions and verified financial records. Extensive information on TSX income stocks is available via a comprehensive dividend overview , which provides clear and factual data. TSX income stocks maintain historical records that are supported by official financial documents. Documented Dividend Records TSX income stocks are known for their regular income distributions as recorded in official financial documents. Clear and measurable data on TSX income stocks is available in public disclosures. Documented records reveal the operational history of TSX income stocks, ensuring factual information is accessible...
Read more