Are you on the lookout for some new ASX dividend shares to buy?
If you are, then you may want to take a look at the two stocks listed below that analysts are bullish on. Here's what you need to know about these picks:
Image source: Getty Images
Origin Energy Ltd (ASX: ORG)
The first ASX dividend share that could be a buy is Origin Energy. It is a major integrated electricity generator, and electricity and natural gas retailer.
The team at Goldman Sachs is feeling positive about the company and sees value in its shares are current levels.
Earlier this month, the broker responded to Origin's full year results by retaining its buy rating with a $10.75 price target. Goldman believes recent weakness has created a buying opportunity. It commented:
We revise our FY25/26/27 EBITDA -1%/-4%/-4% and our PT -4% to A$10.75/sh reflecting higher costs, and see the market reaction as an opportunity, remaining Buy on (1) Strong cash flow and returns with FCF yield improving to 8% in FY26E supporting a 6% dividend yield, (2) Standout gas portfolio with supply costs over 30% below current contract prices which could support market share gain or margin expansion over the next 5 years, (3) Growth opportunity through Octopus and Kraken as contracted accounts trend to target doubling over the next 3 years
In respect to dividends, Goldman is forecasting fully franked dividends per share of 60 cents in FY 2025 and then 59 cents in FY 2026. Based on its current share price of $9.96, this would mean dividend yields of 6% and 5.9%, respectively.
Regal Partners Ltd (ASX: RPL)
Another ASX dividend share that could be a quality option for income investors is Regal Partners.
Bell Potter is positive on the company and believes the market is undervaluing its shares. As a result, it recently put a buy rating and $4.97 price target on its shares.
Commenting on its buy rating, Bell Potter said:
In recent years, Regal has expanded rapidly through strong investment performance, net flows into its funds, launches of new funds, and the acquisition or merger with VGI Partners, PM Capital and Taurus, which have expanded funds under management from $1.1bn in 2017, to over $12.1bn (March 2025).
We continue to favour RPL, given its strong organic & inorganic growth potential, and entrepreneurial culture. In the last six months, and following the recent acquisition of PM Capital and Taurus (50%), the firm has shown an acceleration of inflows, strong investment performance (which will give rise to performance fees) and success in marketing new funds. We feel this strong performance is not reflected in the share price and see considerable upside.
As for income, Bell Potter is forecasting fully franked dividends per share of 16.5 cents in FY 2024 and then 19.5 cents in FY 2025. Based on its current share price of $3.35, this represents dividend yields of 4.9% and 5.8%, respectively.
