Investors that are looking to boost their passive income stream might want to consider the ASX dividend stocks in this article.
These stocks have been tipped as buys by analysts and are forecast to offer attractive dividend yields that could appeal to income-focused investors. Here's what they are recommending:
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Elders Ltd (ASX: ELD)
Elders is a leading Australian agribusiness company that provides specialist knowledge and tailored advice across a broad range of agricultural products and services.
Bell Potter is a fan of the company. The broker has recently highlighted its attractive valuation, noting that Elders is currently trading at around 7.4 times estimated FY 2025 EBITDA. This represents a discount to its long-term average multiple of 8.5 times.
In respect to dividends, Bell Potter is forecasting fully franked payouts of 41 cents per share in FY 2025 and 43 cents per share in FY 2026. Based on the current Elders share price of $6.92, this equates to dividend yields of 5.8% and 6.2%, respectively.
Bell Potter has a buy rating and $9.45 price target on its shares.
GQG Partners Inc (ASX: GQG)
GQG Partners could be an ASX dividend stock to buy according to analysts at Goldman Sachs. It is a global investment boutique managing active equity portfolios with US$153 billion in funds under management (FUM).
The broker believes that GQG Partners' shares are undervalued given its strong net fund flows, robust earnings growth, and compared to peers.
In addition, it is expecting some very big dividend yields in the near term. Goldman is forecasting dividends per share of 15 US cents (23.7 Australian cents) in FY 2025 and 17 US cents (26.8 Australian cents) in FY 2026. Based on the current share price of $2.22, these estimates translate to massive dividend yields of 10.7% and 12%, respectively.
Goldman Sachs has a buy rating and $3.20 price target on GQG Partners shares.
Super Retail Group Ltd (ASX: SUL)
Finally, Goldman Sachs has also named Super Retail as an ASX dividend stock to buy. This retail powerhouse owns popular store brands Supercheap Auto, Rebel, BCF, and Macpac.
Goldman highlights the company's loyalty program (11m+ members), capital management potential, attractive valuation, and robust growth outlook as reasons to be positive.
As for income, the broker is forecasting fully franked dividends of 64 cents per share in FY 2025 and 66 cents per share in FY 2026. Based on its current share price of $13.87, this equates to dividend yields of 4.6% and 4.75%, respectively.
Goldman has a buy rating and $15.50 price target on its shares.
