Analysts say these 4 ASX dividend shares are top buys

Income investors might want to check out these buy-rated stocks this month.

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If you are on the hunt for new ASX dividend shares to buy, then read on.

Four that have recently been given buy ratings are listed below. Here's why they could be top options for income investors right now:

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 $2.75 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 $2.47, this will mean dividend yields of 4% and 4.2%, respectively.

Dexus Convenience Retail REIT (ASX: DXC)

Another ASX dividend share that could be a buy according to Bell Potter 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 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 $2.88 this implies dividend yields of 7.15% and 7.3%, respectively.

National Storage REIT (ASX: NSR)

A third ASX dividend share that analysts are positive on is National Storage. It is the largest self-storage provider in Australia and New Zealand, with over 250 locations providing tailored storage solutions to in excess of 97,000 residential and commercial customers.

Citi is bullish on the company and has a buy rating and $2.70 price target on its shares. As for income, it is forecasting dividends per share of 11.3 cents in FY 2025 and then 11.9 cents in FY 2026.  Based on its current share price of $2.36, equates to dividend yields of 4.8% and 5%, respectively, for income investors.

Telstra Group Ltd (ASX: TLS)

Finally, the team at Goldman Sachs thinks that Telstra could be an ASX dividend share to buy.

Its analysts have a buy rating and $4.35 price target on the telco giant's shares. In respect to 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 $4.03, this represents dividend yields of 4.7% and 5%, respectively.

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Citigroup is an advertising partner of Motley Fool Money. 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 Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended 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.

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