The Australian share market typically offers investors an average of 4%. But investors don't have to settle for that. Especially when there are ASX dividend stocks offering bigger yields and being recommended as buys.
Let's look at three of them: ( ) The first ASX dividend stock for income investors to look at is Centuria Industrial. It is Australia's largest domestic pure play industrial property investment company. Its portfolio of high-quality industrial assets is situated in key metropolitan locations throughout Australia and is underpinned by a quality and diverse tenant base.
The company notes that it is overseen by a hands on, active manager and provides investors with income and an opportunity for capital growth from a pure play portfolio of high-quality Australian industrial assets. UBS is bullish on the company and has a buy rating and $3.80 price target on its shares.
As for dividends, the broker is forecasting Centuria Industrial to pay dividends per share of 16 cents in FY 2025 and then 17 cents in FY 2026. Based on the current Centuria Industrial share price of $2.97, this represents dividend yields of 5.
4% and 5.7%, respectively. ( ) Another ASX dividend stock that has been named as a buy is Eagers Automotive.
It operates over 250 locations across Australia and New Zealand and has a diverse portfolio that includes all 19 of the top 20 best-selling car brands in Australia. It also covers 9 of the top 10 luxury brands. Bell Potter thinks it could be a good time t.