Fortunately for income investors, there are lots of ASX dividend stocks to choose from on the Australian market.
But which ones could be in the buy zone right now?
Let's take a look at four that analysts are tipping as top buys. Here's what they are saying about them:
Centuria Industrial REIT (ASX: CIP)
Centuria Industrial could be an ASX dividend stock to buy according to analysts. It is Australia's largest domestic pure play industrial property investment company. Its portfolio includes 89 high-quality, fit-for-purpose industrial assets worth a collective $3.8 billion.
The team at UBS is positive on the company. It currently has a buy rating and $3.55 price target on its shares.
As for income, the broker expects the company to pay 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 $3.21, this represents dividend yields of 5% and 5.3%, respectively.
Super Retail Group Ltd (ASX: SUL)
Over at Morgans, its analysts continue to believe that Super Retail could be an ASX dividend stock to buy. It is the retailer behind popular brands including BCF, Supercheap Auto, and Rebel.
Morgans currently has an add rating and $19.79 price target on its shares.
As for dividends, the broker believes the company is well-placed to continue paying special dividends. It expects this to lead to 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 $18.19, this will mean yields of 5.3% and 5.7%, respectively.
Universal Store Holdings Ltd (ASX: UNI)
Morgans also thinks that Universal Store could be an ASX dividend stock to buy. It is the youth fashion retailer behind the Universal Store, Perfect Stranger, and Thrills brands.
The broker is feeling bullish about the company and has an add rating and $8.10 price target on its shares.
It believes Universal Store can continue to grow its dividend in the coming years. It is forecasting 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 $7.64, this will mean dividend yields of 4.3% and 4.8%, respectively.
Woodside Energy Group Ltd (ASX: WDS)
Finally, another ASX dividend stock that Morgans is positive on is Woodside. It is a leading energy producer with world-class operations across the globe. This includes Pluto LNG, the North West Shelf Project, and the Shenzi conventional oil and gas field.
Morgans has 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 $25.13, this represents attractive dividend yields of 7.7% and 6.4%, respectively.
