5 ASX dividend shares to buy next week

Analysts have put buy ratings on these dividend payers.

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Thankfully for income investors, there are plenty of ASX dividend shares to choose from on the Australian share market.

To narrow things down, I have picked out five ASX dividend shares that have been rated as buys:

ANZ Group Holdings Ltd (ASX: ANZ)

Goldman Sachs is positive on this banking giant. It currently has a buy rating and a $26.66 price target on its shares.

As for dividends, the broker 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 $25.80, this will mean dividend yields of 6.3%.

Baby Bunting Group Ltd (ASX: BBN)

Another ASX dividend share that has been rated as a buy is Baby Bunting. Morgans is a fan and has an add rating and a $2.50 price target on its shares.

In respect to income, it is forecasting fully franked dividends per share of 9.9 cents per share in FY 2024 and 12.9 cents per share in FY 2025. Based on the current Baby Bunting share price of $1.87, this will mean yields of 5.3% and 6.9%, respectively.

Endeavour Group Ltd (ASX: EDV)

Another ASX dividend share that Goldman Sachs rates as a buy is Endeavour. It has a buy rating and a $6.40 price target on the drinks giant's shares.

As well as decent upside, the broker is expecting attractive dividend yields. It is forecasting fully franked dividends of approximately 21 cents per share in FY 2024 and 23 cents per share in FY 2025. Based on the current Endeavour share price of $5.13, this equates to yields of 4.1% and 4.5%, respectively.

Transurban Group (ASX: TCL)

Over at Citi, its analysts have a buy rating and a $15.90 price target on this toll road giant's shares.

As for income, Citi is expecting dividends per share of 63 cents in FY 2024 and 65 cents in FY 2025. Based on the current Transurban share price of $13.90, this will mean yields of 4.5% and 4.7%, respectively.

Universal Store Holdings Ltd (ASX: UNI)

Finally, Morgans also rates this youth fashion retailer as an ASX dividend share to buy. It has an add rating and a $4.25 price target on its shares.

In respect to dividends, it is expecting fully franked dividends per share of 26 cents in FY 2024 and 29 cents in FY 2025. Based on the current Universal Store share price of $4.00, this will mean yields of 6.5% and 7.25%, respectively.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in Endeavour Group and Universal Store. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Transurban Group. The Motley Fool Australia has no position in any of the stocks mentioned. 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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