There are a good number of ASX dividend shares on the Australian share market that could be great candidates for income investors.
But which ones do analysts believe you should be buying now? Let's take a look at three that they are feeling bullish on:
Endeavour Group Ltd (ASX: EDV)
The first ASX dividend share that could be a buy right now is Dan Murphy's and BWS owner Endeavour.
Goldman Sachs is a big fan of the company and has a buy rating and $6.40 price target on its shares.
The broker highlights its "attractive 16.9x FY24 P/E vs 5.2% EPS 23-26e CAGR for a staple with clear market leading position."
As for dividends, the broker is forecasting fully franked dividend 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 $5.46, this equates to yields of 3.8% and 4.2%, respectively.
Orora Ltd (ASX: ORA)
Another ASX dividend share that Goldman likes is packaging company Orora.
It recently looked through the company's major Saverglass acquisition and liked what it saw. It highlights that the "implied Saverglass valuation offers good risk/reward."
Goldman has a buy rating and $3.50 price target on Orora's shares.
In addition, it is forecasting some attractive dividend yields in the coming years. It expects dividends per share of 14 cents in FY 2025 and 15 cents in FY 2025. Based on the current Orora share price of $2.66, this will mean 5.25% and 5.6% yields, respectively.
Premier Investments Limited (ASX: PMV)
A final ASX dividend share that could be a buy is Premier Investments. It is the retail conglomerate that owns a collection of brands such as Just Jeans, Peter Alexander, and Smiggle.
Morgan Stanley is a big fan of Premier Investments and has named it as its top mid cap retail pick. It has an overweight rating and $32.00 price target on its shares.
As for income, the broker is expecting fully franked dividends per share of $1.01 in FY 2024 and $1.06 in FY 2025. Based on the latest Premier Investments share price of $27.67, this equates to yields of 3.65% and 3.8%, respectively.
