Buy these ASX dividend stocks for big yields until at least 2026

buy these asx dividend stocks for big yields until at least 2026

A smiling businessman in the city looks at his phone and punches the air in celebration of good news.

Are you searching for some new additions to your income portfolio? If you are, then I have some good news for you.

Listed below are three ASX dividend stocks that brokers have recently named as buys and tipped to offer generous dividend yields through to at least 2026.

Here’s what you can expect from them in the medium term:

GDI Property Group Ltd (ASX: GDI)

The first ASX dividend stock to look at is GDI Property. It is a property company managing property investments in Greater Sydney, Brisbane, Perth, South East Queensland, and North Queensland.

Bell Potter continues to believe that the company’s shares are great value and is tipping big dividend yields in the coming years.

In respect to the latter, the broker is forecasting dividends per share of 5 cents across FY 2024, FY 2025, and FY 2026. Based on the current GDI Property share price of 60 cents, this equates to dividend yields of 8.3% for the next three years.

Bell Potter has a buy rating and 75 cents price target on its shares.

IPH Ltd (ASX: IPH)

Another ASX dividend stock that could provide investors with an income boost is IPH. It is an intellectual property solutions company offering a wide range of services for the protection, commercialisation, enforcement, and management of intellectual property.

Goldman Sachs thinks investors should be snapping up its shares while they trade close to their 52-week low. Particularly given that it believes IPH is “well-placed to deliver consistent and defensive earnings with modest overall organic growth.”

The broker expects this to support the payment of fully franked dividends per share of 34 cents in FY 2024, 37 cents in FY 2025, and 39 cents in FY 2026. Based on the current IPH share price of $6.08, this represents yields of 5.6%, 6.1%, and 6.4%, respectively.

Goldman has a buy rating and $8.70 price target on its shares.

Transurban Group (ASX: TCL)

Finally, Transurban could be another ASX dividend stock for income investors to buy right now.

It operates 22 roads in Australia and North America, including CityLink, Cross City Tunnel, and the East Distributor. It also has four projects that are currently in development or delivery.

Citi is positive on the company and believes it is well-positioned to benefit from population growth and urbanisation.

The broker expects this to underpin the payment of dividends per share of 63 cents in FY 2024, 65 cents in FY 2025, and 68 cents in FY 2026. Based on the current Transurban share price of $13.18, this will mean yields of 4.8%, 4.9%, and 5.15%, respectively.

Citi has a buy rating and $15.60 price target on its shares.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…

See The 5 Stocks *Returns as of 1 February 2024

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    Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Transurban Group. The Motley Fool Australia has recommended IPH. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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