3 ASX dividend stocks to buy with 5% to 7% yields

Fortunately for income investors, the Australian share market is one of the most generous in the world when it comes to dividends.

Year in, year out, countless ASX listed companies share a portion of their profits with their lucky shareholders.

But with so much choice, it can be hard to decide which ones to buy above others.

With that in mind, let's take a look at three ASX dividend stocks that analysts think could be quality options for investors right now and are forecast to offer dividend yields of 5% to 7%. They are as follows:

Accent Group Ltd (ASX: AX1)

Bell Potter continues to see a lot of value in this ASX dividend stock. Accent is a footwear-focused retailer and the owner of a large number of store brands such as HypeDC, Stylerunner, and The Athlete's Foot.

The broker currently has a buy rating and $2.50 price target on its shares.

As for income, Bell Potter is forecasting fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the latest Accent share price of $1.98, this represents dividend yields of 6.5% and 7.4%, respectively.

Dexus Industria REIT (ASX: DXI)

Over at Morgans, its analysts believe that Dexus Industria could be an ASX dividend stock to buy. It is a real estate investment trust that invests in high quality industrial warehouses across Sydney, Melbourne, Brisbane, Perth and Adelaide.

Morgans currently has an add rating and $3.20 price target on its shares.

In respect to that all-important income, the broker is expecting dividends per share of 16.4 cents in FY 2024 and then 16.6 cents in FY 2025. Based on the current Dexus Industria share price of $2.84, this will mean dividend yields of 5.75% and 5.85%, respectively.

Transurban Group (ASX: TCL)

The team at Citi thinks toll road operator Transurban could an ASX dividend stock to buy right now. The broker currently has a buy rating and $15.50 price target on its shares.

Citi believes the company is positioned to provide investors with attractive dividend yields in the coming years thanks to its positive exposure to inflation.

The broker is forecasting dividends per share of 63.6 cents this year and then 65.1 cents in FY 2025. Based on the current Transurban share price of $12.32, this will mean yields of 5.15% and 5.3%, respectively.

The post 3 ASX dividend stocks to buy with 5% to 7% yields appeared first on The Motley Fool Australia.

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 Transurban Group. The Motley Fool Australia has recommended Accent Group. 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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