4 excellent ASX dividend stocks to buy this month

Let's see which shares analysts are tipping as buys for income investors.

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Income investors are spoilt for choice on the Australian share market.

The local market is among the most generous globally, offering a wide selection of ASX dividend stocks with attractive yields.

But which shares could be great options for investors today? Here are four that could be top picks:

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Endeavour Group Ltd (ASX: EDV)

Endeavour Group could be a top ASX dividend stock to consider right now according to analysts at Goldman Sachs. It has a buy rating and $5.10 price target on its shares.

It is the leader in Australia's alcohol retail market, operating well-known store brands Dan Murphy's and BWS, along with the ALH Hotels business, which manages over 350 licensed venues nationwide.

As for income, the broker is forecasting fully franked dividends of 19 cents per share in FY 2025 and 22 cents per share in FY 2026. Based on its current share price of $4.43, this equates to dividend yields of 4.3% and 5%, respectively.

National Storage REIT (ASX: NSR)

The team at Citi thinks that National Storage could be an ASX dividend stock to buy.

It is one of the ANZ region's leading self-storage operators with over 230 centres that provide tailored storage solutions to 90,000+ residential and commercial customers.

Citi currently has a buy rating and $2.70 price target on its shares.

In respect to dividends, the broker has pencilled in dividends per share of 11.3 cents in FY 2025 and then 11.9 cents in FY 2026. Based on the current National Storage share price of $2.27, this equates to yields of 5% and 5.25%, respectively.

Regal Partners Ltd (ASX: RPL)

Bell Potter is positive on Regal Partners and sees it as an ASX dividend stock to buy. It is one of Australia's leading alternative investment management companies.

The broker currently has a buy rating and $4.85 price target on its shares.

Bell Potter is forecasting increasing and attractive fully franked dividends. It expects 14.6 cents per share in FY 2024 and 18.1 cents in FY 2025. At the current share price of $4.00, this equates to dividend yields of 3.7% and 4.5%, respectively.

Rural Funds Group (ASX: RFF)

A final ASX dividend stock that could be a buy is Rural Funds. It is a property company with a collection of assets across a number of agricultural industries. This includes almond and macadamia orchards, premium vineyards, water entitlements, cropping and cattle farms.

Bell Potter is also positive on the company and has a buy rating and $2.50 price target on its shares.

In respect to income, the broker is forecasting dividends per share of 11.7 cents in FY 2025 and then 12.2 cents in FY 2026. Based on the current Rural Funds share price of $1.74, this will mean yields of 6.7% and 7%, respectively.

Citigroup is an advertising partner of Motley Fool Money. 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 Rural Funds Group. 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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