Analysts are tipping these ASX dividend shares as buys

Income investors might want to check out these buy-rated shares.

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Are you looking for ASX dividend shares to buy this week?

If you are, it could be worth checking out the three listed below that are from very different sides of the market.

Here's why analysts are tipping these as buys for income investors:

A senior investor wearing glasses sits at his desk and works on his ASX shares portfolio on his laptop.

Image source: Getty Images

ANZ Group Holdings Ltd (ASX: ANZ)

ANZ could be an ASX dividend share to buy according to analysts at Goldman Sachs.

The broker currently has a buy rating and a $26.66 price target on the banking giant's shares.

As for dividends, Goldman is forecasting fully franked dividends per share of $1.62 in both FY 2024 and FY 2025. Based on the current ANZ share price of $24.40, this will mean dividend yields of 6.6% in both years.

Coles Group Ltd (ASX: COL)

Another ASX dividend share that analysts have named as a buy is supermarket giant Coles.

Citi is bullish on the company and has a buy rating and a $17.50 price target on its shares.

In respect to dividends, the broker is forecasting fully franked dividends of 64 cents per share in FY 2024 and 70 cents per share in FY 2025. Based on the current Coles share price of $15.27, this will mean yields of 4.2% and 4.6%, respectively.

HomeCo Daily Needs REIT (ASX: HDN)

A final ASX dividend share that could be a buy is HomeCo Daily Needs. As its name implies, this property company has a focus on daily needs assets. These include neighbourhood retail, large format retail, and health and services.

Morgans is positive on the company and has an add rating and a $1.39 price target on its shares.

The broker is also expecting some big dividend yields in the coming years. It is forecasting dividends per share of 8.3 cents in FY 2024 and then 8.5 cents in FY 2025. Based on the current HomeCo Daily Needs share price of $1.11, this will mean yields of 7.5% and 7.7%, respectively.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 Coles Group. The Motley Fool Australia has recommended HomeCo Daily Needs REIT. 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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