Are you looking to boost your income with some ASX dividend shares when term deposit rates fall?
If you are, then it could be worth checking out the four shares listed below that analysts are tipping as buys.
Here's what they are forecasting from them in the near term:
Aspen Group Limited (ASX: APZ)
Bell Potter sees Aspen Group as an ASX dividend share to buy. It is a leading provider of quality affordable accommodation across residential, land lease, and holiday park communities.
The broker likes Aspen Group for a number of reasons. This includes its strong track record, high insider ownership, and high return on equity focus on sub-sectors that are non-fungible and repeatable over time. Bell Potter has a buy rating and $2.40 price target on its shares.
In respect to 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 $2.15, this will mean dividend yields of 4.4% and 4.8%, respectively.
HomeCo Daily Needs REIT (ASX: HDN)
Over at Morgans, its analysts think that HomeCo Daily Needs could be an ASX dividend share to buy. It is a property company with a focus on neighbourhood retail, large format retail, and health and services.
Morgans has been pleased with management's shift in focus from large format retail to daily needs and appears to believe this leaves it well-placed for growth in the coming years.
The broker currently has an add rating and $1.36 price target on its shares.
As for income, it is forecasting dividends per share of 8.5 cents in FY 2025 and then 8.7 cents in FY 2026. Based on the current HomeCo Daily Needs share price of $1.26, this will mean yields of 6.75% and 6.9%, respectively.
Rural Funds Group (ASX: RFF)
A third ASX dividend share that could be a buy is Rural Funds. It is a property company that owns a portfolio of assets across a number of agricultural industries.
Bell Potter is also a fan of the company. The broker has a buy rating and $2.50 price target on its shares.
The broker is forecasting dividends per share of 11.7 cents in FY 2025 and 12.2 cents in FY 2026. Based on the current Rural Funds share price of $1.98, this will mean yields of 5.9% and 6.15%, respectively.
Woodside Energy Group Ltd (ASX: WDS)
A final ASX dividend share that could be a good option for income investors is Woodside. It is a leading energy producer with world-class operations across the globe.
Morgans thinks that recent weakness has created a buying opportunity for investors and has put an add rating and $33.00 price target on its shares.
In respect to the dividends, the broker is forecasting fully franked dividends of $1.93 per share in FY 2024 and then $1.61 per share in FY 2025. Based on the current Woodside share price of $25.24, this represents attractive dividend yields of 7.6% and 6.4%, respectively.
