4 excellent ASX dividend shares to buy next week

Analysts have put buy ratings on these income stocks and expect attractive yields.

| More on:
Person holding Australian dollar notes, symbolising dividends.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Income investors are a lucky bunch. The Australian share market is home to a large number of dividend-paying ASX shares.

But which ones could be buys when the market reopens next week? Let's take a look at four that have been named as buys:

Aspen Group Limited (ASX: APZ)

Analysts at Bell Potter think that Aspen Group could be an ASX dividend share to buy. It is a leading provider of quality affordable accommodation across residential, land lease, and holiday park communities.

The broker currently has a buy rating and $2.40 price target on its shares. As for dividends, it 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 4.4%, respectively.

Dexus Convenience Retail REIT (ASX: DXC)

Another ASX dividend share that could be a buy is Dexus Convenience Retail REIT. It owns a quality portfolio of Australian service stations and convenience retail assets predominantly located on Australia's eastern seaboard.

Bell Potter is also a fan of this one and has a buy rating and $3.30 price target on its shares. In respect to income, the broker expecting the company to pay dividends per share of 20.6 cents in FY 2025 and then 21 cents in FY 2026. Based on its current share price of $2.93 this implies dividend yields of 7% and 7.15%, respectively.

Super Retail Group Ltd (ASX: SUL)

Over at Morgans, its analysts think that Super Retail could be an ASX dividend share to buy next 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. As for income, inclusive of special dividends, it expects 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 $17.19 this will mean yields of 5.6% and 6%, respectively.

Telstra Group Ltd (ASX: TLS)

Finally, Goldman Sachs is bullish on telco giant and sees it as an ASX dividend share to buy.

The broker has a buy rating and $4.35 price target on its shares. In respect to those all-important dividends, Goldman is forecasting fully franked dividends of 19 cents per share in FY 2025 and then 20 cents per share in FY 2026. Based on the current Telstra share price of $3.91, this represents dividend yields of 4.85% and 5.1%, 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 Aspen Group, Goldman Sachs Group, and Super Retail Group. The Motley Fool Australia has positions in and has recommended Super Retail Group and Telstra Group. The Motley Fool Australia has recommended Aspen Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

A man sits thoughtfully on the couch with a laptop on his lap.
Dividend Investing

An ASX dividend giant I'd buy over BHP shares right now

BHP doesn't appeal to me as an income investment.

Read more »

Two people lazing in deck chairs on a beautiful sandy beach through their hands up in the air.
Dividend Investing

2 shares I'd love to buy from the ASX 200 for passive income!

One of these shares would pay me now, and the other later.

Read more »

Business women working from home with stock market chart showing per cent change on her laptop screen.
Dividend Investing

Forget Fortescue shares and buy these ASX dividend stocks

Analysts think income investors should be buying these stocks.

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

These buy-rated ASX dividend shares offer 6% yields

Analysts are bullish on these income options. Here's what they are forecasting.

Read more »

Happy young woman saving money in a piggy bank.
Dividend Investing

Invest $15k in this ASX dividend stock for $750 in passive income

A top broker says this buy-rated stock could be a good source of income.

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Dividend Investing

Buy these ASX dividend shares for a passive income boost

Analysts have good things to say about these buy-rated shares.

Read more »

Dividend Investing

5.3% dividend yield? I'm buying this ASX passive-income powerhouse in bulk!

The monthly dividend payments aren't the only reason I've been buying this stock...

Read more »

Smiling young parents with their daughter dream of success.
Dividend Investing

Buy these ASX dividend stocks with 4% to 6% yields

Analysts have good things to say about these income options.

Read more »