Fortunately for income investors, there are plenty of ASX dividend stocks to choose from on the Australian share market.
Three that have recently been named as buys and tipped to offer good dividend yields are listed below. Here's what you need to know about these shares:
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Aspen Group Limited (ASX: APZ)
Bell Potter is tipping Aspen Group as an ASX dividend stock to buy. It is a leading provider of quality affordable accommodation across residential, land lease, and holiday park communities.
The broker is positive on Aspen Group due to its strong track record, high insider ownership, and high return on equity focus on sub-sectors that are non-fungible and repeatable over time.
In respect to dividends, Bell Potter is forecasting dividends per share of 9.5 cents in FY 2025 and then 10.3 cents in FY 2026. Based on the current Aspen share price of $2.30, this will mean dividend yields of 4.1% and 4.5%, respectively.
Bell Potter has a buy rating and $2.40 price target on its shares.
Endeavour Group Ltd (ASX: EDV)
Another ASX dividend stock that analysts are tipping as a buy is Endeavour Group.
It is the leader in the Australian alcohol retail market through store brands such as Dan Murphy's and BWS. The company also owns ALH Hotels, which has over 350 licensed venues in Australian capital cities and regional centres.
The team at Goldman Sachs is bullish on the company. It highlights its market leadership position and the defensive nature of the alcohol retail market as reasons to buy
As for income, the broker is forecasting fully franked dividends of 22 cents per share in FY 2025 and then 24 cents per share in FY 2026. Based on the current Endeavour share price of $4.91, this will mean dividend yields of 4.5% and 4.9%, respectively.
Goldman has a buy rating and $6.20 price target on its shares.
Regal Partners Ltd (ASX: RPL)
Finally, the team at Bell Potter is tipping this alternative investment company as an ASX dividend stock to buy.
Its analysts believe that Regal Partners' shares are cheap at current levels. They highlight that its "strong performance is not reflected in the share price."
In respect to dividends, the broker 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 $3.55, this represents dividend yields of 4.65% and 5.5%, respectively.
The broker has a buy rating and $4.75 price target on its shares.
