Last month, the Reserve Bank of Australia (RBA) cut interest rates for the first time in years.
If the market is to be believed, this could be the first of a series of cuts by the central bank.
While this is good news for borrowers, it isn't for savers or income seekers. But don't worry if you're the latter because the share market is here to save the day.
That's because there are a large number of ASX dividend stocks trading on the local bourse that offer very attractive dividend yields. Three that analysts rate as buys are listed below:
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Endeavour Group Ltd (ASX: EDV)
The team at Goldman Sachs thinks that Endeavour Group could be a top ASX dividend stock to buy right now.
It is the leader in Australia's alcohol retail market, operating popular store brands Dan Murphy's and BWS, along with the ALH Hotels business, which manages over 350 licensed venues nationwide.
In respect to dividends, 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 $4.26, this equates to dividend yields of 4.5% and 5.15%, respectively.
Goldman has a buy rating and $5.10 price target on its shares.
Regal Partners Ltd (ASX: RPL)
Over at Bell Potter, its analysts think that Regal Partners could be an ASX dividend stock to buy. It is one of Australia's leading alternative investment management companies.
Bell Potter believes the company is well-placed to reward investors with some generous dividends in the near term. It is forecasting dividends of 18.3 cents per share in FY 2025 and then 22 cents in FY 2026. At the current share price of $3.16, this equates to dividend yields of 5.8% and 7%, respectively.
The broker currently has a buy rating and $5.00 price target on its shares.
Rural Funds Group (ASX: RFF)
Finally, Rural Funds could be a third ASX dividend stock to buy to beat falling interest rates.
It is an agricultural-focused property company with a collection of high-quality and in-demand assets. This includes almond and macadamia orchards, premium vineyards, water entitlements, cropping and cattle farms.
Bell Potter is also bullish on this name and expects equally generous dividend yields. It 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 $1.84, this will mean yields of 6.35% and 6.6%, respectively.
The broker currently has a buy rating and $2.50 price target on its shares.
