There are plenty of ASX dividend shares to choose from on the Australian share market.
But which ones could be among the best to buy right now?
Let's take a look at two shares that analysts at Bell Potter are feeling bullish about this month. They are as follows:
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Regal Partners Ltd (ASX: RPL)
The team at Bell Potter is very bullish on this specialist alternative investment manager and see it as an ASX dividend share to buy.
The broker was impressed with company's performance in FY 2024 and remain very positive on its outlook following a transformational year. It said:
Regal is a materially different investment to what it was a year ago, with increased scale, margins, performance fees, flows and strategic initiatives. A year ago we set our 12m target price at $3.35 (24 Aug 23), seeing 38% upside. As we write this, the shares are $3.41. Today our target price is $4.97, offering around the same upside as 12m ago, but with a considerably broader business with more momentum, and more scope to deliver on growth, acquisitions, performance fees and profitability.
As for dividends, Bell Potter is forecasting fully franked dividends per share of 19.5 cents in FY 2025 and 22.1 cents in FY 2026. Based on its current share price of $3.21, this represents dividend yields of 6.1% and 6.9%, respectively.
Bell Potter currently has a buy rating and $4.97 price target on its shares.
SRG Global Ltd (ASX: SRG)
Another ASX dividend share that gets the thumbs up from Bell Potter is SRG Global. It is a diversified industrial services group that provides multidisciplinary construction, maintenance, production drilling and geotechnical services.
The broker believe it would be a great option for income investors given its positive outlook. This is being supported by Government-stimulated construction activity and accelerating growth in iron ore and gold production volumes. It explains:
SRG's short-to-medium term outlook is reinforced by Government-stimulated construction activity in the Infrastructure and Non-Residential sectors and increased development and sustaining capital expenditures in the Resources industry. The resulting expansion in infrastructure bases across these sectors will likely support increased demand for asset care and maintenance in the medium to long-term. We anticipate Mining Services will be a beneficiary of accelerating growth in iron ore and gold production volumes over the next five years.
As for dividends, the broker is forecasting fully franked dividends of 5 cents in FY 2025 and then 6 cents in FY 2026. Based on its current share price of $1.04, this will mean dividend yields of 4.8% and 5.75%, respectively.
Bell Potter has a buy rating and $1.40 price target on its shares.
