4 excellent ASX dividend shares to buy next week

Analysts have put buy ratings on these income stocks and expect attractive yields.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Income investors are a lucky bunch. The Australian share market is home to a large number of dividend-paying ASX shares.

But which ones could be buys when the market reopens next week? Let's take a look at four that have been named as buys:

Person holding Australian dollar notes, symbolising dividends.

Image source: Getty Images

Aspen Group Limited (ASX: APZ)

Analysts at Bell Potter think that Aspen Group could be 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 currently has a buy rating and $2.40 price target on its shares. As for dividends, it 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 $2.30, this will mean dividend yields of 4.1% and 4.4%, respectively.

Dexus Convenience Retail REIT (ASX: DXC)

Another ASX dividend share that could be a buy is Dexus Convenience Retail REIT. It owns a quality portfolio of Australian service stations and convenience retail assets predominantly located on Australia's eastern seaboard.

Bell Potter is also a fan of this one and has a buy rating and $3.30 price target on its shares. In respect to income, the broker expecting the company to pay dividends per share of 20.6 cents in FY 2025 and then 21 cents in FY 2026. Based on its current share price of $2.93 this implies dividend yields of 7% and 7.15%, respectively.

Super Retail Group Ltd (ASX: SUL)

Over at Morgans, its analysts think that Super Retail could be an ASX dividend share to buy next week. It is the retailer behind popular brands such as BCF, Supercheap Auto, and Rebel.

The broker currently has an add rating and $19.79 price target on its shares. As for income, inclusive of special dividends, it expects 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 $17.19 this will mean yields of 5.6% and 6%, respectively.

Telstra Group Ltd (ASX: TLS)

Finally, Goldman Sachs is bullish on telco giant and sees it as an ASX dividend share to buy.

The broker has a buy rating and $4.35 price target on its shares. In respect to those all-important dividends, Goldman is forecasting fully franked dividends of 19 cents per share in FY 2025 and then 20 cents per share in FY 2026. Based on the current Telstra share price of $3.91, this represents dividend yields of 4.85% and 5.1%, respectively.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Aspen Group, Goldman Sachs Group, and Super Retail Group. The Motley Fool Australia has positions in and has recommended Super Retail Group and Telstra Group. The Motley Fool Australia has recommended Aspen Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Smiling woman with her head and arm on a desk holding $100 notes, symbolising dividends.
Dividend Investing

Forget term deposits! I'd buy these ASX dividend shares instead!

These businesses have a lot to offer for income-focused investors.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

I'd buy 11,651 shares of this ASX stock to aim for $100 a month of passive income

This business can provide investors with an impressive level of dividends.

Read more »

ATM with Australian hundred dollar notes hanging out.
Dividend Investing

3 top ASX dividend shares for retirement income in 2026

These companies have strong market positions and offer yields of up to 11%.

Read more »

Smiling elderly couple looking at their superannuation account, symbolising retirement.
Dividend Investing

The ASX dividend stocks I'd buy for a retirement portfolio

For income-focused investors, consistency matters. These three ASX shares could help deliver that over time.

Read more »

Accountant woman counting an Australian money and using calculator for calculating dividend yield.
Dividend Investing

How much would I need to invest in ASX shares to earn $1,000 in passive income every month?

Here's a quick calculation for you to work out exactly what you'd need to invest.

Read more »

Three business people join hands in strength and unity.
Dividend Investing

The reliable ASX dividend shares I'd buy with $10,000

Building passive income starts with the right foundations. Here are three ASX shares I would consider today.

Read more »

Smiling man holding Australian dollar notes, symbolising dividends.
Bank Shares

Here's the dividend forecast out to 2028 for NAB shares

Can NAB shareholders bank on dividend growth in the coming years?

Read more »

Woman smiling with her hands behind her back on her couch, symbolising passive income.
Dividend Investing

1 ASX dividend stock down 22% I'd buy right now

It could be a great time to invest in this leading business.

Read more »