4 ASX shares to buy for dividend income

Analysts think these income stocks are in the buy zone this week. Let's see what they offer.

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Are you looking for ASX dividend shares to buy for an income boost?

If you are, then it could be worth looking at the four named below that analysts are tipping as buys. Here's what they are forecasting from them in the near term:

Woman calculating dividends on calculator and working on a laptop.

Image source: Getty Images

Centuria Industrial REIT (ASX: CIP)

The first ASX dividend share to look at is Centuria Industrial. It is Australia's largest domestic pure play industrial property investment company. Its portfolio comprises 89 high-quality, fit-for-purpose industrial assets worth a collective $3.8 billion. Theses assets are situated in key in-fill locations and close to key infrastructure.

UBS is positive on the company and has a buy rating and $3.55 price target on its shares.

As for dividends, the broker is forecasting 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 $3.35, this represents dividend yields of 4.8% and 5.1%, respectively.

Inghams Group Ltd (ASX: ING)

Over at Morgans, its analysts think investors should be snapping up this poultry producer's shares while they are down.

The broker has an add rating and $3.66 price target on its shares. It likes Inghams due to its leadership position in the poultry market.

Morgans expects this to support the payments of fully franked dividends of 19 cents per share in both FY 2024 and FY 2025. Based on the current Inghams share price of $3.03, this equates to dividend yields of 6.3% for both years.

Lottery Corporation Ltd (ASX: TLC)

Another ASX dividend share that could be a buy is Lottery Corporation. It is the company behind lottery brands such as OZ Lotto, Powerball, Keno, and The Lott.

Citi is feeling bullish about Lottery Corporation and has a buy rating and $5.60 price target on its shares. It is bullish due to its defensive qualities and recent price increases.

The broker expects to underpin a 19 cents per share dividend in both FY 2025 and FY 2026. Based on the latest Lottery Corporation share price of $5.08, this will mean fully franked yields of 3.75%.

Universal Store Holdings Ltd (ASX: UNI)

Finally, analysts at Morgans think that this youth-focused fashion retailer could be an ASX dividend share to buy.

It is expecting another strong result from the Universal Store and Perfect Stranger owner in FY 2025. As a result, it has put an add rating and $8.10 price target on its shares.

In respect to income, it is expecting fully franked dividends per share of 33 cents in FY 2025 and then 37 cents in FY 2026. Based on the current Universal Store share price of $6.77, this will mean yields of 4.9% and 5.5%, respectively.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in Universal Store. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Lottery. The Motley Fool Australia has recommended Lottery. 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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