There are a lot of ASX dividend stocks to choose from on the local market.
But which ones could be top options in October?
Let's take a look at four that analysts are currently tipping as buys:
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APA Group (ASX: APA)
The first ASX dividend stock that has been tipped as a buy is APA Group. It is an energy infrastructure business that owns and operates a world class portfolio of gas, electricity, solar and wind assets.
Macquarie is bullish on the company and has an outperform rating with a $8.23 price target on its shares.
As for dividends, the broker is forecasting dividends of 57 cents per share in FY 2025 and 57.5 cents per share in FY 2026. Based on the current APA Group share price of $7.76, this equates to 7.3% and 7.4% dividend yields, respectively.
Coles Group Ltd (ASX: COL)
Analysts at Bell Potter think that Coles could be an ASX dividend share to buy right now.
Last week, the broker put a buy rating and $21.55 price target on its shares.
In respect to income, its analysts are forecasting fully franked dividends of 68 cents per share in FY 2025 and then 78 cents per share in FY 2026. Based on the current Coles share price of $18.06, this implies yields of approximately 3.75% and 4.3%, respectively.
Dexus Convenience Retail REIT (ASX: DXC)
Morgans is tipping Dexus Convenience Retail REIT as an ASX dividend stock to buy. It owns a portfolio of service station and convenience retail assets across Australia.
The broker has an add rating and $3.25 price target on its shares.
As for dividends, Morgans is forecasting dividends per share of 20.6 cents in FY 2025 and then 21.5 cents in FY 2025. Based on its current share price of $3.04, this implies yields of 6.8% and 7.1%, respectively.
Woodside Energy Group Ltd (ASX: WDS)
The team at Morgans is also tipping Woodside Energy as an ASX dividend stock to buy. It is one of the world's largest energy producers.
The broker recently stated that it believes that "now [is] a good time to add to positions" following the recent underperformance of its shares. It has an add rating and $33.00 price target on its shares.
In respect to income, the broker is forecasting Super Retail to pay fully franked dividends of $1.92 per share in FY 2024 and then $1.61 per share in FY 2025. Based on its current share price of $25.20, this represents attractive dividend yields of 7.6% and 6.4%, respectively.
