Income investors have a lot of options on the Australian share market. So much so, it can be hard to decide which ASX dividend stocks to buy over others.
But don't worry, I have narrowed things down by picking out three options that are rated highly by brokers right now.
Let's see what they are predicting from them in the near term:
Image source: The Motley Fool
Stockland Corporation Ltd (ASX: SGP)
Analysts at Citi think that Stockland could be an ASX dividend stock to buy this month.
It is a diversified property company that develops, owns, and manages retail centres, business parks, logistics centres, office buildings, residential communities, and retirement living villages.
The broker appears positive on Stockland's outlook and continues to forecast some big dividends from in the near term.
For example, it is forecasting dividends per share of 26.2 cents in FY 2024 and then 26.6 cents in FY 2025. Based on the current Stockland share price of $4.48, this will mean dividend yields of 5.85% and 5.9% yields, respectively.
Citi currently has a buy rating and $5.10 price target on its shares.
Super Retail Group Ltd (ASX: SUL)
Over at Goldman Sachs, its analysts think that Super Retail could be an ASX dividend stock to buy now.
Super Retail is the name behind store brands BCF, Macpac, Rebel, and Super Cheap Auto.
Goldman likes these brands and highlights their massive loyalty programs. The broker has previously noted that "SUL is building a competitive advantage through 11.1mn members and 76% sales to members, which will help drive sales in a more complex operating environment."
The broker expects this to underpin fully franked dividends per share of 69 cents in FY 2024 and then 72 cents in FY 2025. Based on the latest Super Retail share price of $15.37, this will mean good yields of 4.5% and 4.7%, respectively.
Goldman has a buy rating and $17.80 price target on its shares.
Universal Store Holdings Ltd (ASX: UNI)
A final ASX dividend stock that analysts are positive on is Universal Store. It is the youth-focused fashion retailer responsible for the Universal Store, Perfect Stranger, Thrills, and Worship brands.
Analysts at Morgans are very positive on the company and believe it is one of the best placed retailers to handle the tough consumer environment.
In light of this, the broker is expecting fully franked dividends per share of 26 cents in FY 2024 and then 29 cents in FY 2025. Based on the current Universal Store share price of $5.94, this will mean yields of 4.4% and 4.9%, respectively.
Morgans has an add rating and $6.50 price target on its shares.
