4 excellent ASX dividend shares to buy next week

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

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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.

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