Listed below are three ASX dividend stocks that analysts think could be top options for income investors.
One is a miner, one is a property company, and the other is a telco. Let's see what you need to know about them:
Aspen Group Limited (ASX: APZ)
Aspen Group could be an ASX dividend stock to buy this week. That's the view of analysts at Bell Potter, which are feeling positive about the leading provider of quality affordable accommodation across residential, land lease, and holiday park communities.
The broker likes Aspen Group 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. It currently has a buy rating and $2.40 price target on its shares.
As for dividends, 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 $2.19, this will mean dividend yields of 4.3% and 4.7%, respectively.
BHP Group Ltd (ASX: BHP)
Over at Goldman Sachs, its analysts are tipping mining behemoth BHP shares as a buy.
Its analysts think the mining giant's shares are good value following recent weakness and could rerate to higher multiples in the near future. Especially given how Goldman believes its "premium [valuation] can be partly maintained due to ongoing superior margins and operating performance (particularly in Pilbara iron ore where BHP maintains superior FCF/t vs. peers)."
Goldman has a buy rating and $48.80 price target on its shares.
In respect to income, the broker is forecasting fully franked dividends per share of US$1.16 (A$1.72 in FY 2025 and then US$1.13 (A$1.67) in FY 2026. Based on its current share price of $39.55, this equates to dividend yields of 4.35% and 4.2%, respectively.
Telstra Group Ltd (ASX: TLS)
Analysts at Goldman Sachs are also feeling bullish about Telstra and are attracted to the telco giant's low risk earnings and dividend growth. They also highlight the potential for Telstra to unlock value through offloading assets or monetising its recurring NBN payment stream.
The broker currently has a buy rating and $4.35 price target on the ASX dividend share.
Another positive is that Goldman expects the company's dividend increases to continue. It is forecasting 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 $4.01, this represents dividend yields of 4.7% and 5%, respectively.
