Invest $10,000 into these ASX dividend shares

If you're an income investor with $10,000 to invest into the share market, then it could be worth looking at the ASX dividend shares in this article.

They have both been named as buys by Goldman Sachs and tipped to offer attractive dividend yields. Here's what you need to know about them:

Super Retail Group Ltd (ASX: SUL)

Goldman remains positive on this diversified retailer following the release of its half year results.

It has put a buy rating and $15.50 price target on its shares. This implies potential upside of approximately 11% over the next 12 months.

Speaking about the company, the broker said:

SUL traded down ~12% on the back of weaker than expected 1H25 results, with group sales +4.2% YoY (+0.4% vs GSe, +0.2% vs VA Consensus), while group EBIT -6.5% YoY (-2.3% vs GSe and -4.0% vs VA Consensus) with key disappointment being SCA and Macpac's weaker sales and margins, though Rebel was in-line and BCF delivered above expectations.

Our new TP of A$15.5/sh (prev A$16.8/sh) reflects our lower earnings forecasts. With stock pull back today, new TP implies 14% TSR. Reiterate Buy.

In respect to income, the broker is forecasting 64 cents per share in FY 2025 and then 66 cents per share in FY 2026. Based on its current share price of $14.00, this represents dividend yields of 4.6% and 4.7%, respectively.

This would generate dividend income of approximately $460 and $470 from a $10,000 investment.

Telstra Group Ltd (ASX: TLS)

Goldman Sachs continues to believe that this telco giant is an ASX dividend share to buy.

In response to its half year results release, the broker has retained its buy rating and $4.50 price target on its shares. This suggests that upside of approximately 8.5% is possible from current levels.

Commenting on its buy valuation, the broker said:

Although at a headline level, Telstra valuation appears relatively full (vs. peers and vs. 10Y yield), we note: (1) Adjusting out NBN recurring payments (a unique asset), Telstra trades at a much more compelling multiple; (2) Although its yield spread is compressed vs. history, when factoring dividend growth this is more attractive. Hence we rate Telstra Buy.

As for dividends, the broker is forecasting 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 $4.15, this would mean dividend yields of 4.6% and 4.8%, respectively.

This would generate dividend income of approximately $460 and $480 from a $10,000 investment.