Income investors have a lot of options on the Australian share market. So much so, it can be hard to decide which ASX dividend shares to buy above others. But don't worry because listed below are three options with generous that are rated highly by analysts.
Here's what they are saying about these dividend shares: ( ) Analysts at Goldman Sachs think that IPH could be an ASX dividend share to buy. It is an intellectual property solutions company with operations across the world. The broker is feeling positive about the company due to its belief that IPH is "well-placed to deliver consistent and defensive earnings with modest overall organic growth.
" It is expecting this to support the payment of fully franked dividends per share of 34 cents in FY 2024 and then 37 cents in FY 2025. Based on the current IPH share price of $6.16, this represents dividend yields of 5.
5% and 6%, respectively. Goldman currently has a buy rating and $8.70 price target on IPH's shares.
( ) Goldman Sachs is also feeling bullish about Rio Tinto. It is of course one of the world's largest miners with operations across several commodities such as copper, iron ore, and lithium. The broker likes the company due to its "compelling relative valuation" and its expectation of "strong production growth in 2024 & 2025.
" Goldman expects this to underpin fully franked dividends per share of US$4.29 (A$6.44) in FY 2024 and then US$4.
55 (A$6.84) in FY 2025. Based on the latest Rio Tinto share price of $119.
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