Are you wanting to supercharge your passive income portfolio?
If you are, then it could be worth checking out the three ASX dividend stocks that analysts are tipping as buys. Here's what they are expecting from them:
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Cedar Woods Properties Ltd (ASX: CWP)
The first ASX dividend stock to look at is Cedar Woods. It is a leading Australian property developer with a focus on residential communities and commercial projects.
Bell Potter is positive on the company and believes that it is well-positioned for sustained growth thanks to its diversified development pipeline and Australia's chronic housing shortage.
The broker believes this will underpin fully franked dividends of 28 cents per share in FY 2025 and then 32 cents per share in FY 2026. Based on the current share price of $6.49, this equates to dividend yields of 4.3% and 4.9%, respectively.
Bell Potter currently has a buy rating and $7.30 price target on its shares.
Endeavour Group Ltd (ASX: EDV)
Another ASX dividend stock that gets the thumbs up by analysts is Endeavour Group.
It is the leader in the Australian alcohol retail market. At the last count, it had an omnichannel network of more than 1,675 stores (BWS/Dan Murphy's), 344 hotels, and scalable digital platforms. The company also boasts over 4.5 million active My Dan's members.
The team at Morgan Stanley is positive on the company and believes it is positioned to pay fully franked dividends of 19 cents per share in FY 2025 and then 21 cents per share in FY 2026. Based on the current Endeavour share price of $3.99, this will mean dividend yields of 4.75% and 5.25%, respectively.
Morgan Stanley has an overweight rating and $5.30 price target on its shares.
Universal Store Holdings Ltd (ASX: UNI)
Finally, Macquarie thinks that this youth-focused fashion retailer could be an ASX dividend stock to buy for income investors.
It is the company behind the Universal Store brand, as well as the Perfect Stranger and Thrills brands.
Macquarie is positive on the company, highlighting its strong same-store sales growth, strong brand loyalty, and growing national footprint.
It expects this to support 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 $7.46, this would mean dividend yields of 4.5% and 5.3%, respectively.
The broker currently has an outperform rating and $9.80 price target on its shares.
