There are plenty of ASX dividend stocks to choose from on the Australian share market.
Three that have been named as buys and tipped to offer great dividend yields are listed below. Here's what you need to know about them:
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Dexus Convenience Retail REIT (ASX: DXC)
The first ASX dividend stock to look at is the Dexus Convenience Retail REIT. It owns a high quality portfolio of Australian service stations and convenience retail assets.
These are predominantly found on Australia's eastern seaboard and are leased to leading Australian and international convenience retail tenants with a long lease expiry profile and contracted annual rent increases.
Bell Potter is tipping its shares as a buy. This is because its analysts "see a low-risk double digit total return opportunity where other REITs are likely to still be cycling either cap rate expansion and/or earnings downside."
In respect to dividends, Bell Potter is forecasting dividends per share of 20.6 cents in FY 2025 and then 21 cents in FY 2026. Based on its current share price of $3.00 this implies dividend yields of 6.9% and 7%, respectively.
The broker has a buy rating and $3.10 price target on its shares.
Endeavour Group Ltd (ASX: EDV)
Another ASX dividend stock that could be a buy is Endeavour Group.
It is the leading player in the Australian alcohol retail market and the owner of store brands such as Dan Murphy's and BWS. In addition, Endeavour owns ALH Hotels, which has over 350 licensed venues in Australian capital cities and regional centres.
Goldman Sachs is bullish on the company. This is due to its market leadership position and the defensive nature of the alcohol retail market.
The broker expects this to underpin fully franked dividends of 22 cents per share in FY 2025 and then 24 cents per share in FY 2026. Based on the current Endeavour share price of $5.01, this will mean dividend yields of 4.4% and 4.8%, respectively.
Goldman has a buy rating and $6.20 price target on its shares.
Super Retail Group Ltd (ASX: SUL)
A third ASX dividend stock that could be a buy this week is Super Retail. It is the retail company behind the popular BCF, Supercheap Auto, Macpac, and Rebel store brands.
The team at Morgans is very positive on the company and its outlook. It also expects Super Retail to be positioned to pay some generous dividends again in the coming years.
It is forecasting 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 $17.84, this will mean dividend yields of 5.4% and 5.7%, respectively.
Morgans has an add rating and $19.79 price target on its shares.
