Analysts name 3 ASX dividend shares to buy in January

These shares have been tipped as buys for income investors.

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If you are looking to boost your income with some ASX dividend shares, then three listed below could be worth a closer look.

That's because these dividend shares have been named as buys and are expected to provide investors with good dividend yields in the near term. Here's what analysts are saying about them:

Smiling woman with her head and arm on a desk holding $100 notes, symbolising dividends.

Image source: Getty Images

Challenger Ltd (ASX: CGF)

The first ASX dividend share to consider buying is annuities company Challenger.

Goldman Sachs is bullish due to Challenger's "exposure to the growing superannuation market" and belief that "higher yields should drive a favorable sales environment for retail annuities."

It expects this to underpin fully franked dividends of 27 cents per share in FY 2025 and then 28 cents per share in FY 2026. Based on Challenger's current share price of $6.18, this would equate to attractive yields of 4.4% and 4.5%, respectively.

Goldman Sachs currently has a buy rating and $7.82 price target on its shares.

DEXUS Property Group (ASX: DXS)

Another ASX dividend share to look at is Dexus. It is one of Australia's leading fully integrated real estate groups.

It owns a real estate and infrastructure portfolio valued at $54.5 billion. The Dexus platform includes the Dexus investment portfolio and the funds management business. It directly and indirectly own $14.8 billion of office, industrial, retail, healthcare, infrastructure and alternatives.

UBS is a fan of the company and sees a lot of value in its shares at current levels.

As for dividends, the broker is forecasting dividends per share of 37 cents in FY 2025 and 38 cents in FY 2026. Based on the latest Dexus share price of $6.82, this will mean yields of 5.4% and 5.6%, respectively.

UBS has a buy rating and $8.86 price target on the company's shares.

National Storage REIT (ASX: NSR)

A third ASX dividend share for income investors to look at is National Storage.

It is one of the ANZ region's leading self-storage operators with over 250 centres that provide tailored storage solutions to 97,000+ residential and commercial customers.

Citi is bullish on the company's outlook and thinks it would be a great option for investors right now. Particularly given its development pipeline and recent acquisitions, which are expected to support growth in the coming years.

In respect to income, its analysts are forecasting dividends per share of 11.3 cents in FY 2025 and 11.9 cents in FY 2026. Based on the current National Storage share price of $2.38, this equates to yields of 4.75% and 5%, respectively.

Citi has a buy rating and $2.70 price target on its shares.

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 recommended Challenger. 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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