The good news for income investors is that there are plenty of ASX dividend stocks to choose from on the local market.
But which ones could be in the buy zone right now? Four that analysts are tipping as top buys are listed below. Here's what they are saying about them:
Centuria Industrial REIT (ASX: CIP)
The first ASX dividend stock to look at is Centuria Industrial. It is Australia's largest domestic pure play industrial property investment company.
UBS is positive on the company and its outlook. So much so, it currently has a buy rating and $3.55 price target on its shares.
As for dividends, the broker is forecasting Centuria Industrial to pay dividends per share of 16 cents in FY 2025 and then 17 cents in FY 2026. Based on the current Centuria Industrial share price of $3.18, this represents dividend yields of 5% and 5.35%, respectively.
Super Retail Group Ltd (ASX: SUL)
A second ASX dividend stock to look at is Super Retail. It is the retail group behind the popular BCF, Supercheap Auto, Macpac, and Rebel store brands.
Morgans is a fan of the company and has an add rating and $19.79 price target on its shares.
In respect to income, Morgans expects fully franked dividends per share of 97 cents in FY 2025 and then 103 cents in FY 2026. Based on its current share price of $16.89, this will mean yields of 5.7% and 6.1%, respectively.
Transurban Group (ASX: TCL)
Analysts at UBS also think that Transurban could be an ASX dividend stock to buy this month.
The broker currently has a buy rating and $14.60 price target on its shares.
Its analysts are forecasting dividends per share of 65 cents in FY 2025 and then 69 cents in FY 2026. Based on the current Transurban share price of $14.60, this will mean dividend yields of 4.5% and 4.7%, respectively.
Universal Store Holdings Ltd (ASX: UNI)
A fourth ASX dividend stock that could be a buy is Universal Store. It is the youth fashion retailer behind the Universal Store, Perfect Stranger, and Thrills brands.
Bell Potter is feeling bullish about the company and has a buy rating and $7.80 price target on its shares.
As well as this major upside, the broker believes Universal Store is well-placed to grow its dividend in the coming years. It expects fully franked dividends per share of 32.4 cents in FY 2025 and then 37.2 cents in FY 2026. Based on the current Universal Store share price of $6.72, this will mean yields of 4.8% and 5.5%, respectively.
