There are a lot of ASX dividend stocks to choose from on the Australian share market.
To narrow things down, I have picked out three growing companies that analysts are tipping as buys. Here's what you need to know about them:
Accent Group Ltd (ASX: AX1)
The first ASX dividend stock to consider buying right now is Accent Group. It owns some of Australia's most recognisable footwear brands, including The Athlete's Foot, Hype DC, Skechers, and Platypus. Over the last decade, it has carved out a dominant position in a niche where scale, exclusive distribution deals, and brand loyalty really matters.
The team at Bell Potter is a fan of the company and rates it as a buy with a $2.60 price target.
As for income, it is forecasting fully franked dividends of 10.2 cents per share in FY 2025 and then 12.7 cents per share in FY 2026. Based on its current share price of $1.85, this would mean dividend yields of 5.5% and 6.9%, respectively.
Lovisa Holdings Ltd (ASX: LOV)
Another ASX dividend stock that could be a buy is Lovisa. It is a fast fashion jewellery retailer that has been expanding rapidly across the world.
The team at Morgans is positive on its long term growth and is tipping its shares as a buy. It has an add rating and $35.00 price target on them.
In respect to dividends, the broker has pencilled in payouts of 85 cents per share in FY 2025 and then 106 cents per share in FY 2026. Based on its current share price of $29.14, this equates to dividend yields of 2.9% and 3.6%, respectively.
Universal Store Holdings Ltd (ASX: UNI)
Finally, this youth-focused fashion retailer could be an ASX dividend stock to buy.
It is the name behind the eponymous Universal Store brand, as well as the Perfect Stranger and Thrills brands.
With strong same-store sales growth, strong brand loyalty, and a growing national footprint, it is being tipped by analysts at Macquarie as one to buy.
The broker currently has an outperform rating and $9.80 price target on its shares.
As for income, it is expecting fully franked dividends of 33.8 cents in FY 2025 and then 39.5 cents in FY 2026. Based on its current share price of $7.28, this would mean dividend yields of 4.6% and 5.4%, respectively.
