If you're on the lookout for some income options, then it could be worth checking out the ASX shares listed below.
That's because they have recently been named as buys by brokers and are expected to provide investors with a good source of income in the coming years.
Here's what analysts are saying about these ASX income shares:
Endeavour Group Ltd (ASX: EDV)
The first ASX income share for income investors to look at this week is Endeavour.
It is the drinks giant behind the BWS and Dan Murphy's brands, as well as a large network of hotels.
Goldman Sachs is a fan of the company due to its "clear market leading position" and attractive valuation. It currently has a buy rating and $6.20 price target on the company's shares.
As for income, the broker is forecasting fully franked dividends of approximately 22 cents per share in FY 2024 and FY 2025. Based on the current Endeavour share price of $5.35, this will mean yields of 4.1% for both years.
Super Retail Group Ltd (ASX: SUL)
Another ASX income share that analysts at Goldman Sachs are positive on is Super Retail.
It is the owner of popular retail brands BCF, Macpac, Rebel, and Super Cheap Auto. Goldman has a buy rating and $17.80 price target on its shares. It believes that "SUL will display resilience in a softer economic environment that is built upon its competitive advantage of high loyalty."
In respect to dividends, the broker is expecting the retailer to pay fully franked dividends per share of 67 cents in FY 2024 and then 73 cents in FY 2025. Based on the latest Super Retail share price of $15.86, this will mean good yields of 4.2% and 4.6%, respectively.
Universal Store Holdings Ltd (ASX: UNI)
A final ASX income share for investors to look at is Universal Store. It is the youth fashion retailer behind the Universal Store, Perfect Stranger, and Thrills brands.
The team at Bell Potter is very positive on the company and believe it is well-placed for growth in the coming years. As a result, it recently put a buy rating and $5.65 price target on its shares.
The broker is expecting Universal Store to pay fully franked dividends per share of 24 cents in FY 2024 and then 31 cents in FY 2025. Based on the current Universal Store share price of $5.39, this will mean attractive yields of 4.45% and 5.75%, respectively.
