Analysts name 3 ASX dividend shares to buy in October

Let's see what sort of dividend yields these stocks could offer investors.

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Do you have space in your income portfolio for some more ASX dividend shares?

If you do, then it could be worth looking at the three listed below that analysts rate as buys and believe will offer attractive dividend yields.

Here's what you need to know about these dividend shares:

Coles Group Ltd (ASX: COL)

The first ASX dividend share that could be a buy is Coles. It is one of Australia's leading retailers, with close to 1,800 retail outlets nationally. This comprises over 840 of its supermarkets and over 950 of its liquor stores.

Bell Potter is feeling very positive about Coles and believes that recent share price weakness has created a buying opportunity for investors. It recently initiated coverage on the company with a buy rating and $21.55 price target.

As for dividends, the broker is forecasting fully franked dividends of 68 cents per share in FY 2025 and then 78 cents per share in FY 2026. Based on the current Coles share price of $17.93, this implies yields of approximately 3.8% and 4.35%, respectively.

Stockland Corporation Ltd (ASX: SGP)

The team at Morgan Stanley believes that this residential and land lease developer and retail, logistics and office real estate property manager could be an ASX dividend share to buy this week.

The broker currently has an overweight rating and $6.35 price target on Stockland's shares. It is Morgan Stanley's preferred exposure to the residential market and the broker sees it as a good option for when interest rates fall.

As for income, Morgan Stanley is forecasting dividends per share of 25.4 cents in FY 2025 and then 29.1 cents in FY 2026. Based on the current Stockland share price of $5.32, this represents dividend yields of 4.8% and 5.5%, respectively.

Super Retail Group Ltd (ASX: SUL)

Finally, the team at Morgans thinks that Super Retail could be an ASX dividend share to buy this week. It is the retailer behind popular brands such as BCF, Supercheap Auto, and Rebel.

The broker currently has an add rating and $19.79 price target on its shares.

In respect to dividends, the broker expects Super Retail to continue paying special dividends. It expects this to lead to fully franked dividends per share of 97 cents in FY 2025 and then 103 cents in FY 2026. Based on its current share price of $18.06 this will mean yields of 5.4% and 5.7%, respectively.

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 Super Retail Group. The Motley Fool Australia has positions in and has recommended Coles Group and Super Retail 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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