There are so many ASX dividend shares to choose from on the local market, it can be hard to decide which ones to buy.
To narrow things down for you, let's take a look at three that brokers are currently tipping as buys. Here's why they could be top options for income investors when the market reopens:
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Dexus Convenience Retail REIT (ASX: DXC)
A recent note out of Bell Potter reveals that its analysts have a buy rating and $3.30 price target on Dexus Convenience Retail REIT shares.
It is the owner of a quality portfolio of Australian service stations and convenience retail assets that are predominantly located on Australia's eastern seaboard.
Bell Potter recently highlighted that "while we do see asset values declining (BPe 10bp cap rate expansion), trading at a 20% discount to NTA and 10% discount to BPe NAV looks too punitive to us for a defensive sub-sector."
As for income, its analysts are expecting some very big dividend yields in the near term. The are forecasting dividends per share of approximately 21 cents in both FY 2025 and FY 2026. Based on its current share price of $2.95, this implies dividend yields of 7.1% for each year.
Origin Energy Ltd (ASX: ORG)
Analysts at UBS think that Origin Energy could be an ASX dividend share to buy. They have a buy rating and $11.75 price target on its shares.
Origin Energy is of course one of Australia's leading provider of electricity, gas, LPG, solar and internet to homes and businesses across Australia.
UBS believes it is well-placed to pay some big dividends in the near term. This is partly thanks to the key APLNG business and the impressive performance from the Octopus business.
The broker is forecasting fully franked dividends per share of 55 cents in both FY 2025 and FY 2026. Based on its current share price of $10.91, this would mean dividend yields of 5% for each year.
Regal Partners Ltd (ASX: RPL)
Another recent note out of Bell Potter reveals that its analysts rate Regal Partners as a buy with a $4.85 price target.
It is a specialist alternative investment manager that has approximately $17.2 billion in funds under management.
Bell Potter believes that this number will grow in the future. Especially given its strong investment performance, which it doesn't believe is reflected in its share price.
It expects this to underpin fully franked dividends per share of 16.3 cents in FY 2024 and then 18.1 cents in FY 2025. Based on its current share price of $3.74, this represents dividend yields of 4.35% and 4.8%, respectively.
