Are you on the lookout for some ASX dividend stocks to buy? If you are, then take a look at the three listed below that have been given the thumbs up by analysts.
Here's what they are forecasting from these shares:
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GDI Property Group Ltd (ASX: GDI)
Bell Potter is tipping GDI Property as an ASX dividend stock to buy.
It describes itself as a fully integrated, internally managed property and funds management group with capabilities in ownership, management, refurbishment, leasing, and syndication of properties.
Bell Potter believes it is well-positioned to pay some generous dividends in the coming years.
For example, the broker is forecasting dividends per share of 5 cents across FY 2025 and FY 2026. Based on the current GDI Property share price of 61 cents, this implies dividend yields of 8.2% for the next two years.
Bell Potter also sees plenty of upside ahead for its shares. It has a buy rating and 80 cents price target on them.
Inghams Group Ltd (ASX: ING)
Another ASX dividend stock that could be a buy is Inghams. It is Australia's largest integrated poultry producer.
The team at Morgans is positive on Inghams and see weakness in its share price in 2024 as a buying opportunity this year.
Especially given how the broker believes the company can still pay some generous dividends in the near term. It is forecasting fully franked dividends of 19 cents per share in both FY 2025 and FY 2026. Based on the current Inghams share price of $3.28, this implies dividend yields of 5.8% for both years.
Morgans has an add rating and $3.66 price target on its shares.
Universal Store Holdings Ltd (ASX: UNI)
A third ASX dividend stock that could be a buy is Universal Store. It is the youth fashion retailer behind the Universal Store, Perfect Stranger, and Thrills brands.
Bell Potter is feeling bullish about the company and has named it on its best ideas list for the month of February.
It notes that "UNI will continue to increase store numbers over the next few years, supporting earnings growth of 12% p.a. over (FY25-27). Valuation looks attractive, trading on a fwd P/E of ~14x. UNI is a quality small cap (ROE ~25%) that is executing on its rollout strategy."
As for income, Morgans is forecasting fully franked dividends of 31.4 cents per share in FY 2025 and then 36.8 cents per share in FY 2025. Based on the current Universal Store share price of $8.43, this equates to dividend yields of 3.7% and 4.4%, respectively.
Bell Potter has a buy rating and $8.85 price target on its shares.
