Do you have space in your portfolio for some new income stocks in 2025?
If you do, then the three ASX dividend shares listed below could be worth considering.
Here's what sort of dividend yields analysts are expecting from these buy-rated stocks:
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APA Group (ASX: APA)
The team at Macquarie thinks that APA Group could be a great ASX dividend share to buy.
It is a leading Australian energy infrastructure company that owns a $26 billion portfolio of gas, electricity, solar and wind assets.
It is one of the most reliable dividend payers on the Australian share market with almost 20 years of dividend increases in a row.
Macquarie expects this run to continue and is forecasting dividend increases to 57 cents per share in FY 2025 and then 57.5 cents per share in FY 2026. Based on the current APA Group share price of $6.97, this equates to 8.2% and 8.25% dividend yields, respectively.
Macquarie has an outperform rating and $8.13 price target on its shares.
Harvey Norman Holdings Limited (ASX: HVN)
Another ASX dividend share that gets the thumbs up from analysts is retail giant Harvey Norman.
Bell Potter likes the company due to its exposure to the artificial intelligence (AI) megatrend. It notes that Harvey Norman's sales should benefit from an AI driven major upgrade/replacement cycle of devices purchased during the COVID-19 pandemic.
The broker also "view[s] HVN as supported by exclusive access from brands/chip manufacturers given large format stores globally which are attractive to global technology brands/suppliers when launching new products."
As for income, Bell Potter is forecasting fully franked dividends of 25.9 cents per share in FY 2025 and then 28.5 cents per share in FY 2026. Based on the current Harvey Norman share price of $4.67, this equates to attractive 5.5% and 6.1% dividend yields, respectively.
Bell Potter has a buy rating and $5.80 price target on the company's shares.
Super Retail Group Ltd (ASX: SUL)
A third ASX dividend share that could be a buy according to analysts is Super Retail. It is the retailer behind the BCF, MacPac, Supercheap Auto, and Rebel store brands.
Goldman Sachs likes Super Retail. It notes that "SUL is one of the few retailers in Australia that has both a space and sales productivity lever that we expect the company to be able to pull."
The broker believes this will underpin fully franked dividends per share of 67 cents in FY 2025 and then 73 cents in FY 2026. Based on its current share price of $15.18, this will mean yields of 4.4% and 4.8%, respectively.
Goldman Sachs has a buy rating and $17.60 price target on its shares.
