4 top ASX dividend shares to buy next week

Brokers think these shares could be good options for an income portfolio.

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There are a lot of options for income investors to choose from on the Australian share market.

But which ASX dividend shares could be buys when the market reopens?

Let's take a look at four that analysts rate as buys. Here's what you need to know about them:

Challenger Ltd (ASX: CGF)

Goldman Sachs thinks that this annuities company could be an ASX dividend share to buy.

It likes Challenger because "it has exposure to the growing superannuation market across Life and Funds Management." In addition, it highlights that "higher yields should drive a favorable sales environment for retail annuities as well as an improvement in margins."

The broker currently has a buy rating and $7.50 price target on its shares.

As for dividends, it is forecasting fully franked dividends of 26 cents per share in FY 2024, 27 cents per share in FY 2025, and then 28 cents per share in FY 2026. Based on the current Challenger share price of $6.48, this will mean dividend yields of 4%, 4.15%, and 4.3%, respectively.

Dexus Convenience Retail REIT (ASX: DXC)

Another ASX dividend share that has been given the thumbs up is Dexus Convenience Retail REIT. It owns a portfolio of service station and convenience retail assets across Australia.

The team at Morgans is positive on the company and has an add rating and $3.23 price target on its shares.

In respect to income, the broker is forecasting dividends per share of 21 cents in both FY 2024 and FY 2025. Based on its current share price of $2.67, this implies yields of 7.85%.

Endeavour Group Ltd (ASX: EDV)

Goldman Sachs also thinks that Dan Murphy's and BWS owner Endeavour Group could be a great ASX dividend share to buy.

It likes the company due to its market leadership position and the defensive nature of the alcohol retail market.

The broker expects this to support fully franked dividends of approximately 22 cents per share in both FY 2024 and FY 2025. Based on the current Endeavour share price of $4.96, this will mean dividend yields of 4.4% for both years.

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

Super Retail Group Ltd (ASX: SUL)

A final ASX dividend share that could be a buy according to Goldman Sachs' analysts is Super Retail. It is the owner of popular retail brands BCF, Macpac, Rebel, and Super Cheap Auto.

Goldman Sachs has a buy rating and $17.80 price target on its shares.

As for dividends, the broker is forecasting 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 $13.09, this will mean yields of 5.1% and 5.6%, 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 Super Retail Group. The Motley Fool Australia has positions in and has recommended Super Retail Group. The Motley Fool Australia has recommended Challenger. 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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