Buy Telstra and these high-quality ASX dividend stocks

Here are three dividend stocks that analysts are tipping as buys.

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There are a lot of ASX dividend stocks to choose from on the Australian share market.

To narrow things down, let's take a look at three high-quality options that analysts are tipping as buys. They are as follows:

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Endeavour Group Ltd (ASX: EDV)

The team at Goldman Sachs sees Endeavour Group as an ASX dividend stock to buy now. It is the drinks giant behind the Dan Murphy's and BWS brands, as well as a large hotels network.

While the company has been battling tough trading conditions recently, Goldman believes it is well-placed to pay some good dividends.

It is forecasting 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.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend stock to consider buying is HomeCo Daily Needs. It is a property company with a mandate to invest in convenience-based assets across the target sub-sectors of neighbourhood retail, large format retail and health and services.

At the last count, the company had 51 properties with a 99% occupancy rate and tenants including Coles Group Ltd (ASX: COL) and Woolworths Group Ltd (ASX: WOW).

Morgans rates the company highly and highlights its resilient cashflows and that it "continues to be a beneficiary of accelerating click & collect trends."

In respect to income, the broker is forecasting dividends per share of 8.5 cents in FY 2025 and then 8.7 cents in FY 2026. Based on the current HomeCo Daily Needs share price of $1.20, this will mean dividend yields of 7.1% and 7.25%, respectively.

Morgans has an add rating and $1.36 price target on its shares.

Telstra Group Ltd (ASX: TLS)

Bell Potter thinks that income investors should be buying telco giant Telstra.

This is because it believes Telstra is well-positioned for steady earnings and dividend growth in the coming years.

This is expected to lead to the company paying 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 $3.93, 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. The Motley Fool Australia has positions in and has recommended Coles Group and Telstra Group. The Motley Fool Australia has recommended HomeCo Daily Needs REIT. 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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