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:
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.
