2 market-leading ASX dividend stocks to buy in April

Analysts have put buy ratings on these market-leaders.

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The Australian share market is home to a large number of dividend payers. So many, it can be hard to decide which ones to buy over others.

To narrow things down, I have picked out two buy-rated ASX dividend stocks that are market-leaders.

Here's what you need to know about these dividend stocks:

Endeavour Group Ltd (ASX: EDV)

The first ASX dividend stock that could be a great pick for income investors is drinks giant Endeavour.

Goldman Sachs remains very positive on this Dan Murphy's and BWS owner following its half-year results release last month. It highlights its "relatively attractive valuation, with potential downside from EGM tax changes already fully priced in."

The broker has a buy rating and $6.20 price target on its shares.

As for income, its analysts are forecasting fully franked dividends per share of 22 cents in both FY 2024 and FY 2025. Based on the current Endeavour share price of $5.54, this represents attractive dividend yields of 4% for investors.

Lottery Corporation Ltd (ASX: TLC)

Another ASX dividend stock that is a market-leader and could be a top buy for income investors is Lottery Corporation. It is the lottery company responsible for the OZ Lotto, Powerball, and Keno brands.

UBS is a fan of the company. It was impressed with its half-year results last month, which came in ahead of expectations. In response to the results, the broker retained its buy rating with a $5.75 price target.

In respect to dividends, the broker is now forecasting fully franked dividends per share of 17 cents in FY 2024 and 20 cents in FY 2025. Based on the latest Lottery Corporation share price of $5.11, this will mean fully franked yields 3.3% and 3.9%, respectively.

Motley Fool contributor James Mickleboro has positions in Endeavour Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Lottery. 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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