Which ASX dividend stocks could be top options for income investors in September?
Well, let's take a look at three options that analysts have just tipped as buys. They are as follows:
Eagers Automotive Ltd (ASX: APE)
Eagers Automotive could be an ASX dividend stock to buy according to analysts at Bell Potter.
It was pleased with its performance in the first half of FY 2024. The broker notes that its "1H2024 underlying operating PBT of $182.5m was 2% ahead of our forecast of $178.8m and 3% ahead of the guidance of c.$177m."
It now suspects that "a stronger H2 result will restore some confidence in the outlook" and underpin a rerating on its shares.
As for dividends, its analysts are now forecasting fully franked dividends of 66.5 cents per share in FY 2024 and then 73 cents per share in FY 2025. Based on its current share price of $10.44, this will mean dividend yields of 6.4% and 7%, respectively.
Bell Potter has put a buy rating and $13.00 price target on its shares.
Hotel Property Investments Ltd (ASX: HPI)
Analysts at Morgans think that Hotel Property Investments could be an ASX dividend stock to buy.
It is the owner of a portfolio of freehold hotels and associated specialty tenancies that are located throughout Australia.
Morgans was pleased with the company's recent results release. It notes that Hotel Property Investments' "FY24 result was in line with expectations" and that "proceeds from asset sales are being used to pay down debt as well as recycle into the ongoing capex program with its key tenant which is being rentalised at 7.5%."
In respect to income, it is forecasting dividends per share of 19.5 cents in FY 2025 and then 20 cents in FY 2026. Based on its current share price of $3.46, this will mean dividend yields of 5.6% and 5.8%, respectively.
Morgans has an add rating and $3.69 price target on its shares.
Universal Store Holdings Ltd (ASX: UNI)
The team at Bell Potter also thinks that Universal Store could be an ASX dividend stock to buy this month. It is the youth fashion retailer behind the Universal Store, Perfect Stranger, Thrills, and Worship brands.
Bell Potter was pleased with its strong full year results release last month. It highlights that Universal Store's "FY24 EBIT of $47.1m came in at the top end of the pre-guided range while the DPS was a material beat driven by a payout at the top of targeted dividend policy range."
Looking ahead, the broker is now forecasting fully franked dividends per share of 32.4 cents in FY 2025 and 37.2 cents in FY 2026. Based on the current Universal Store share price of $6.94, this will mean yields of 4.7% and 5.35%, respectively.
Bell Potter has a buy rating and $7.80 price target on its shares.
