Buy Telstra and these ASX dividend shares in September

Here's why analysts think the telco giant and these stocks could be buys this month.

There are plenty of options for investors to choose from on the Australian share market. So many, it can be hard to decide which ones to buy over others.

But don't worry because analysts have done all the hard work for you and narrowed things down.

For example, three ASX dividend shares that have been named as top buys following last month's earnings season are listed below.  Here's what they are saying about these income options right now:

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Aspen Group Limited (ASX: APZ)

Bell Potter is tipping Aspen Group as an ASX dividend share to buy right now. It is a leading provider of quality affordable accommodation across residential, land lease, and holiday park communities.

The broker likes the company due to its strong track record, high insider ownership, and high return on equity focus on sub-sectors that are non-fungible and repeatable over time.

Last month, its analysts put a buy rating and $2.40 price target on its shares.

As for income, Bell Potter is forecasting dividends per share of 9.5 cents in FY 2025 and then 10.3 cents in FY 2026. Based on the current Aspen share price of $2.14, this will mean dividend yields of 4.4% and 4.8%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Analysts at Citi believe that this residential and land lease developer and retail, logistics and office real estate property manager could be an ASX dividend share to buy this month.

Last month, in response to its full year results, the broker put a buy rating and $5.30 price target on its shares.

In respect to dividends, Citi is now forecasting dividends per share of 25.5 cents in FY 2025 and then 29 cents in FY 2026. Based on the current Stockland share price of $5.08, this represents dividend yields of 5% and 5.7%, respectively.

Telstra Group Ltd (ASX: TLS)

Finally, the team at Goldman Sachs is feeling positive about Telstra following its full year results release last month.

The broker responded to the result by retaining its buy rating with an improved price target of $4.35. It continues to see the company's low risk earnings and dividend growth as attractive.

The broker expects this to underpin fully franked dividends of 19 cents per share in FY 2025 and then 20 cents per share in FY 2026. Based on the current Telstra share price of $3.95, this represents dividend yields of 4.8% and 5.1%, respectively.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Aspen Group and Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Aspen 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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