Are you looking for some options for your income portfolio this month?
If you are, then two ASX dividend stocks that could be quality options are listed below.
Here's why they could be best buys according to brokers:
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Regal Partners Ltd (ASX: RPL)
Analysts at Bell Potter think this growing fund manager could be an ASX dividend stock to buy. It has a buy rating and $4.75 price target on its shares.
The broker points out that Regal Partners has strong organic and inorganic growth potential, positive performing investment funds, and accelerating inflows. However, it doesn't feel this is being reflected in its current valuation. It explains:
In recent years, Regal has expanded rapidly through strong investment performance, net flows into its funds, launches of new funds, and the acquisition or merger with VGI Partners, PM Capital and Taurus, which have expanded funds under management from $1.1bn in 2017, to over $12.1bn (March 2025). We continue to favour RPL, given its strong organic & inorganic growth potential, and entrepreneurial culture. In the last six months, and following the recent acquisition of PM Capital and Taurus (50%), the firm has shown an acceleration of inflows, strong investment performance (which will give rise to performance fees) and success in marketing new funds. We feel this strong performance is not reflected in the share price and see considerable upside.
In respect to dividends, Bell Potter is forecasting fully franked dividends per share of 20.3 cents in FY 2024 and FY 2025. Based on its current share price of $3.60, this represents dividend yields of 5.6%.
Clearview Wealth Ltd (ASX: CVW)
Analysts at Morgans think that this financial services company could be a quality ASX dividend stock to buy. Morgans has an add rating and 78 cents price target on its shares
The broker believes Clearview trades on undemanding multiples despite being destined to deliver strong earnings growth in the coming years. It said:
CVW is a challenger brand in the Australian retail life insurance market (market size = ~A$10bn of in-force premiums). CVW sees its key points of differentiation as its: 1) reliable/trusted brand; 2) operational excellence (in product development, underwriting and claims management); and 3) diversified distributing network. CVW's significant multiyear Business Transformation Program has, in our view, shown clear signs of driving improved growth and profitability in recent years. We expect further benefits to flow from this program in the near term, and we see CVW's FY26 key business targets as achievable. With a robust balance sheet, and with our expectations for ~21% EPS CAGR over the next three years, we see CVW's current ~11x FY25F PE multiple as undemanding.
As for income, the broker is forecasting fully franked dividends of 2.9 cents per share in FY 2024 and 3.5 cents per share in FY 2025. Based on the current Clearview share price of 59 cents, this would mean dividend yields of 4.9% and 5.9%, respectively.
