Brokers say these beaten down ASX dividend stocks are buys

Now could be a good time to buy these income stocks following recent weakness.

If you are hunting for ASX dividend stocks to buy, then check out the two listed below.

They have been named as buys and tipped to rise strongly from where they currently trade.

In addition, analysts are forecasting them to provide investors with good dividend yields in the near term. Here's what you need to know about these income options:

A man thinks very carefully about his money and investments.

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Accent Group Ltd (ASX: AX1)

The first ASX dividend stock for investors to check out is Accent Group. It is a leisure footwear retailer with a huge store network across multiple brands. This includes brands such as HypeDC, Platypus, Stylerunner, and The Athlete's Foot.

In response to its full year results this month, Bell Potter reaffirmed its buy rating and $2.50 price target on its shares. It remains very positive on the company's outlook. It commented:

We remain constructive on AX1 given their scale as Australia's market leader, growth adjacencies in both footwear/apparel from exclusive partnerships & TAF channel conversion and growing vertical brand strategy led by Nude Lucy. We maintain our BUY rating.

As for dividends, the broker is expecting the company to reward shareholders with fully franked dividends per share of 13.9 cents in FY 2025 and then 15.8 cents in FY 2026. Based on the latest Accent share price of $2.03, this represents very generous dividend yields of 6.86% and 7.8%, respectively.

Endeavour Group Ltd (ASX: EDV)

Over at Goldman Sachs, its analysts think that Endeavour Group could be an ASX dividend stock to buy. It is the leader in the Australian alcohol retail market thanks to key brands such as Dan Murphy's and BWS. In addition, the company owns a large network of pubs.

The broker believes that a post-results selloff has created a buying opportunity for investors. In response to the results, it put a buy rating and $6.20 price target on its shares. Goldman said:

Our sales forecasts are largely unchanged given improving sales trajectory. Our updated FY25 EBIT/EPS growth is +1.6%/1.2% YoY (52 vs 53wk growth), improving to FY26/27e EBIT growth of 5.0%/6.5% respectively. We reiterate Buy on EDV given improving business quality and attractive valuation despite challenging operating backdrop.

Its analysts are expecting the Dan Murphy's owner to pay fully franked dividends of 22 cents per share in FY 2025 and then 24 cents per share in FY 2026. Based on the current Endeavour share price of $5.26, this will mean dividend yields of 4.2% and 4.55%, 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. The Motley Fool Australia has recommended Accent Group. 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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