For investors looking to grow their wealth steadily over the long term, ASX dividend shares can be a powerful tool—especially when combined with the power of compounding.
By reinvesting dividends and holding high-quality businesses for years, investors can gradually build a sizeable income stream and capital base.
The current market volatility in early 2025 may have unsettled some, but it also offers opportunities to buy great companies at more attractive prices.
Here are three ASX dividend shares that brokers rate as buys and which could help investors compound their wealth over the year ahead.
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Accent Group Ltd (ASX: AX1)
Accent Group is a leading footwear and lifestyle retailer with brands including Hype DC, Platypus, and The Athlete's Foot. Despite the challenging consumer environment, brokers remain bullish on the company's long-term outlook.
Bell Potter is a fan. It believes Accent Group's vertically integrated model and strong omnichannel presence position it well for long-term growth. Bell Potter rates the stock as a buy with a $2.60 price target.
As for income, it is forecasting fully franked dividends per share of 10.2 cents in FY 2025 and then 12.7 cents in FY 2026. Based on the current share price of $1.80, this equates to dividend yields of 5.7% and 7.1%, respectively.
Transurban Group (ASX: TCL)
Another ASX dividend share that could be a top buy is Transurban. It is a toll road operator with a portfolio of critical urban infrastructure assets across Sydney, Melbourne, Brisbane, and North America. Its inflation-linked revenue and long concession durations provide steady, low-risk cash flows.
UBS is positive on the company and recently put a buy rating and $14.85 price target on its shares.
In respect to dividends, the broker is forecasting payouts of 65 cents per share in FY 2025 and then 69 cents per share in FY 2026. Based on its current share price of $13.22, that equates to attractive dividend yields of 4.9% and 5.2%, respectively.
Treasury Wine Estates Ltd (ASX: TWE)
Finally, Treasury Wine, the wine giant behind the Penfolds brand, is rebounding strongly as trade relations with China improve and global demand for premium and luxury wine rises.
Goldman Sachs is bullish on its prospects, expecting the company to deliver annual double-digit earnings growth between FY 2024 and FY 2027. It is for this reason that the broker recently put a buy rating and $12.90 price target on its shares.
As for income, Goldman is forecasting partially franked dividends per share of 42 cents in FY 2025 and then 49 cents in FY 2026. With the ASX dividend share currently trading at $9.88, this represents dividend yields of 4.25% and 5% respectively.
