4 ASX dividend shares to buy in February

Analysts think these shares could be top buys this month. Let's see what sort of yields they offer.

| 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

A new month is here, so what better time to make some additions to your income portfolio.

But which ASX dividend shares could be buys in February?

Let's take a look at four that analysts rate highly. They are as follows:

Middle age caucasian man smiling confident drinking coffee at home.

Image source: Getty Images

APA Group (ASX: APA)

Analysts at Macquarie think that APA Group could be an ASX dividend share to buy. It is an energy infrastructure business that owns and operates a high quality portfolio of gas, electricity, solar and wind assets.

The broker expects this portfolio to underpin dividends per share of 57 cents in FY 2025 and then 57.5 cents in FY 2026. Based on the current APA Group share price of $6.82, this equates to 8.3% and 8.4% dividend yields, respectively.

Macquarie has an outperform rating and $8.13 price target on its shares.

Dexus Convenience Retail REIT (ASX: DXC)

Bell Potter is tipping Dexus Convenience Retail REIT as an ASX dividend share to buy in February. It is the owner of a portfolio of service station and convenience retail assets.

In respect to income, the broker is forecasting dividends per share of 20.6 cents in FY 2025 and then 21 cents in FY 2025. Based on its current share price of $2.86, this implies yields of 7.2% and 7.3%, respectively.

Bell Potter has a buy rating and $3.30 price target on its shares.

Endeavour Group Ltd (ASX: EDV)

Analysts at Goldman Sachs are feeling positive about Endeavour Group and are tipping it as an ASX dividend share to buy. It is the drinks giant behind the Dan Murphy's and BWS brands, as well as a large hotels network.

Goldman expects these businesses to position Endeavour to pay fully franked dividends of 19 cents per share in FY 2025 and then 22 cents per share in FY 2026. Based on the current Endeavour share price of $4.23, this will mean dividend yields of 4.5% and 5.2%, respectively.

The broker has a buy rating and $5.10 price target on its shares.

Telstra Group Ltd (ASX: TLS)

Finally, Bell Potter also believes that this telco giant could be an ASX dividend share to buy this month.

The broker thinks that Telstra is positioned to pay 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 $3.95, this represents dividend yields of 4.8% and 5.1%, respectively.

Bell Potter has a buy rating and $4.35 price target on Telstra's shares.

Motley Fool contributor James Mickleboro has positions in Endeavour Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Macquarie Group. The Motley Fool Australia has positions in and has recommended Apa Group, Macquarie Group, and Telstra 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

Red buy button on an Apple keyboard with a finger on it.
Dividend Investing

I invested thousands into these 2 ASX dividend shares this week

I’ve been investing heavily into these two names.

Read more »

A wad of $100 bills of Australian currency lies stashed in a bird's nest.
Dividend Investing

How many NAB shares do I need to buy for $10,000 a year in passive income?

NAB shares historically pay two fully-franked dividends every year.

Read more »

A cool young man walking in a laneway holding a takeaway coffee in one hand and his phone in the other reacts with surprise as he reads the latest news on his mobile phone
Dividend Investing

8% yield: The ASX is getting a new dividend stock that pays out monthly

This soon-to-be stock has averaged an 8% yield since 2016...

Read more »

Happy young couple saving money in piggy bank.
Dividend Investing

How many BHP shares do I need to $1,000 of passive income?

Let's run the numbers and find out what is needed.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Where to invest $2,000 in ASX dividend shares

Morgans thinks these shares are buys with attractive forecast dividend yields.

Read more »

a woman puts a pen to her mouth as she smiles slightly while checking an old book style diary/calendar.
Dividend Investing

20 ASX shares with ex-dividend dates next week

To be eligible to receive a dividend, you must own the ASX share before the ex-dividend date.

Read more »

View of a business man's hand passing a $100 note to another with a bank in the background.
Dividend Investing

Everything you need to know about the latest Soul Patts dividend

Here’s how big the latest dividend is from the investment house…

Read more »

Australian dollar notes in the pocket of a man's jeans, symbolising dividends.
Dividend Investing

Fund manager names 3 top ASX 200 dividend stocks to buy today

A leading fund manager expects these quality ASX dividend stocks will boost their payouts.

Read more »