Income investors are a lucky bunch! The Australian share market is one of the most generous in the world with plenty of ASX dividend shares offering attractive yields.
But which dividend shares could be top options when the market reopens next week? Let's look at three that analysts have recently named as buys:
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Dexus Convenience Retail REIT (ASX: DXC)
The first ASX dividend share that analysts have given the thumbs up to is Dexus Convenience Retail REIT.
It is a property company that owns a portfolio of service station and convenience retail assets located across the country. It highlights that its 100 properties are leased to high-quality tenants on attractive, long-term leases (WALE of 8.8 years).
Management also notes that it has a significant growth opportunity through contracted annual rent increases in all leases and a targeted acquisition strategy.
Morgans is positive on the company and expects some big dividends in the near future.
The broker has pencilled in dividends per share of 20.6 cents in FY 2025 and then 21.5 cents per share in FY 2026. Based on its current share price of $2.93, this implies dividend yields of 7% and 7.3%, respectively.
It has an add rating and $3.25 price target on its shares.
Regal Partners Ltd (ASX: RPL)
The team at Bell Potter thinks that this alternative investment management company could be an ASX dividend share to buy.
It believes that Regal Partners' shares are being undervalued by the market at present, especially given its strong investment performance. The broker recently put a buy rating and $4.85 price target on them.
As well as plenty of upside, Bell Potter is forecasting some good dividend yields in the near term. It expects fully franked dividends per share of 16.3 cents in FY 2024 and then 18.1 cents in FY 2025. Based on its current share price of $4.18, this represents dividend yields of 3.9% and 4.3%, respectively.
Universal Store Holdings Ltd (ASX: UNI)
Finally, Bell Potter also thinks that Universal Store could be an ASX dividend share to buy next week.
It is the youth fashion retailer behind the Universal Store, Perfect Stranger, and Thrills brands.
The broker has been pleased with the company's performance and remains positive on its outlook. This is due to "the store roll-out & brand growth strategy, margin expansion via private label product penetration (currently ~46%) and strong earnings trajectory." Bell Potter has a buy rating and $8.85 price target on its shares.
As for income, it is forecasting fully franked dividends per share of 31.4 cents in FY 2025 and then 36.8 cents in FY 2026. Based on the current Universal Store share price of $7.44, this will mean yields of 4.2% and 5%, respectively.
