Analysts say these 4 ASX dividend stocks are buys this month

These stocks could be top options for income investors right now according to analysts.

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Income investors on the lookout for ASX dividend shares to buy could do a lot worse than the four listed below.

Here's what yields analysts are expecting from their shares in the near term:

Dexus Convenience Retail REIT (ASX: DXC)

Dexus Convenience Retail REIT could be an ASX dividend stock to buy. It owns a portfolio of service station and convenience retail assets located across Australia and concentrated on the eastern seaboard.

Morgans is positive on the company and is expecting some big dividend yields in the near future. It is forecasting dividends per share of 21 cents in both FY 2024 and FY 2025. Based on its current share price of $2.68, this implies a yield of 7.8%.

The broker has an add rating and a $3.23 price target on its shares.

Endeavour Group Ltd (ASX: EDV)

Another ASX dividend stock for income investors to look is Endeavour Group. It is the drinks company behind the BWS and Dan Murphy's brands. In addition, it has a large network of hotels.

Goldman likes Endeavour due to its "clear market leading position" and attractive valuation.

The broker is also expecting some good yields from its shares in the coming years. It 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 $5.13, this will mean yields of 4.3% for both years.

Goldman has a buy rating and a $6.20 price target on the company's shares.

Orora Ltd (ASX: ORA)

Another ASX dividend stock that Goldman Sachs is positive on its Orora. It is one of the world's largest packaging companies.

While the broker has been disappointed with its performance this year, it remains positive on the future and expects some great yields from its shares.

It is forecasting dividends per share of 12 cents in FY 2024 and 13 cents in FY 2025. Based on the current Orora share price of $2.15, this will mean yields of 5.5% and 6%, respectively.

Goldman has a buy rating and a $3.00 price target on its shares.

Universal Store Holdings Ltd (ASX: UNI)

A final ASX dividend stock that could be a buy is Universal Store. It is the youth fashion retailer behind the Universal Store, Perfect Stranger, Thrills, and Worship brands.

Morgans is a fan of the retailer and sees value in its shares despite a recent rally. In addition, it continues to forecast some attractive dividend yields from its shares.

As for dividends, the broker has pencilled in 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 $5.70, this will mean yields of 4.6% and 5.1%, respectively.

Morgans has an add rating and a $6.50 price target on its shares.

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. The Motley Fool Australia has recommended Orora. 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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