Why these ASX dividend shares could be top buys for 2025

Income investors might want to check out these buy-rated dividend shares.

If you are looking to boost your income in 2025 with some ASX dividend shares, then the three listed below could be worth a closer look.

These dividend shares have been tipped as buys and are expected to provide investors with good yields and big capital gains in the near term. Here's what analysts are saying about them:

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DEXUS Property Group (ASX: DXS)

The first ASX dividend share to consider buying is Dexus, one of Australia's leading fully integrated real estate groups.

At the last count, it was managing a diverse real estate and infrastructure portfolio valued at $54.5 billion, encompassing office, industrial, retail, healthcare, infrastructure, and alternative assets. The Dexus platform includes both its investment portfolio and its funds management business, with direct and indirect ownership of $14.8 billion in assets.

Analysts at UBS are optimistic about Dexus' prospects. The broker recently reaffirmed its buy rating with an $8.86 price target, which implies potential upside of 23% for investors.

In respect to income, UBS forecasts dividends per share of 37 cents for FY 2025 and 38 cents for FY 2025. Based on its current share price of $7.18, this equates to 5.15% and 5.3% dividend yields, respectively.

Regal Partners Ltd (ASX: RPL)

Over at Bell Potter, its analysts think that this alternative investment management company could be an ASX dividend share to buy.

The broker believes that Regal Partners' shares are undervalued at current levels, especially considering its strong investment performance and recent acquisitions. The broker has a buy rating and $4.85 price target on them. This suggests that its shares could rise 23% from current levels.

And as well as plenty of upside, Bell Potter is forecasting some good dividend yields in the near term. It has pencilled in 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 $3.93, this represents dividend yields of 4.15% and 4.6%, respectively.

Universal Store Holdings Ltd (ASX: UNI)

Universal Store is another ASX dividend share that Bell Potter believes could be worth considering. This youth fashion retailer is the name behind popular brands Universal Store, Perfect Stranger, and Thrills.

Bell Potter has been impressed with the company's performance in recent times and remains optimistic about its future. The broker highlights Universal Store's "store roll-out and brand growth strategy, margin expansion via private label product penetration (currently ~46%), and strong earnings trajectory" as key drivers of its positive outlook.

The broker has a buy rating and $8.85 price target Universal Store's shares. This implies potential upside of almost 16%.

And for income-focused investors, Bell Potter is forecasting fully franked dividends of 31.4 cents per share in FY 2025 and 36.8 cents per share in FY 2026. Based on the current share price of $7.66, this implies dividend yields of 4.1% and 4.8%, respectively.

Motley Fool contributor James Mickleboro has positions in Universal Store. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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