Are you on the lookout for some top ASX dividend stocks to buy?
If you are, then it could be worth checking out the three in this article that analysts rate as buys.
Let's see what they are recommending as buys this month:
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Adairs Ltd (ASX: ADH)
The first ASX dividend stock for income investors to look at is Adairs. It is a leading homewares and furniture retailer behind the Adairs, Focus on Furniture, and Mocka brands.
Analysts at Morgans are bullish on the company and have put an add rating and $2.85 price target on its shares. They believe that Adairs is positioned for growth due to its streamlined supply chain and new national distribution centre. It also should benefit from interest rate cuts if it boosts consumer spending.
As for income, Morgans is forecasting fully franked dividends of 14 cents per share in FY 2025 and then 17 cents in FY 2026. Based on the current share price of $2.59, that equates to dividend yields of 5.4% and 6.6%, respectively.
Rural Funds Group (ASX: RFF)
Another ASX dividend stock that has been given the thumbs up by analysts is Rural Funds.
It is a real estate investment trust (REIT) that owns a diversified portfolio of Australian agricultural assets. This includes assets covering almonds, poultry, macadamias, cattle, cropping, viticulture and water.
It notes that income growth is achieved through lease indexation, productivity improvements and conversion of assets to higher and better use.
Bell Potter is a big fan and has a buy rating and $2.45 price target on its shares.
In respect to dividends, the broker is forecasting payouts of 11.7 cents per share in FY 2025 and then 12.2 cents per share in FY 2026. Based on the current Rural Funds share price of $1.85, this will mean yields of 6.3% and 6.6%, respectively.
Telstra Group Ltd (ASX: TLS)
A third ASX dividend stock that analysts are bullish on is Telstra. It is of course Australia's largest telecommunications company.
Macquarie is feeling positive about the company's outlook following the release of its new Connected Future 30 strategy. The broker believes this positions Telstra to deliver solid earnings and dividend growth in the coming years.
As a result, it has put an outperform rating and $5.28 price target on its shares.
As for income, Macquarie is forecasting fully franked dividends per share of 19.9 cents in FY 2025 and then 22 cents in FY 2026. Based on its current share price of $4.89, this equates to dividend yields of 4.1% and 4.5%, respectively.
