Income investors are spoiled for choice on the Australian share market. But which ASX dividend shares could be worth considering right now?
Let's take a look at four that have been given the seal of approval by brokers this month. They are as follows:
Accent Group Ltd (ASX: AX1)
The team at Bell Potter remains positive on Accent Group and sees it as an ASX dividend share to buy. It currently has a buy rating and $2.15.
It thinks that investors should stick with the HypeDC, Platypus, Style Runner, and The Athlete's Foot owner after a tough period. Especially given its belief that consumer spending will improve as interest rates fall.
In respect to income, the broker is forecasting fully franked dividends of 7.4 cents per share in FY 2025 and then 9.5 cents per share in FY 2026. Based on its current share price of $1.36, this represents dividend yields of 5.4% and 7%, respectively.
Endeavour Group Ltd (ASX: EDV)
Over at Morgan Stanley, its analysts think that Endeavour Group could be an ASX dividend share to buy. It is the leader in the Australian alcohol retail market through its popular store brands Dan Murphy's and BWS.
The broker currently has an overweight rating and $5.30 price target on its shares.
As for income, it believes the company 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 $4.00, this will mean dividend yields of 4.75% and 5.25%, respectively.
HomeCo Daily Needs REIT (ASX: HDN)
The team at Ord Minnett thinks that HomeCo Daily Needs REIT could be a top pick for income investors. It is a real estate investment trust with a mandate to invest in convenience-based assets across the target sub-sectors of Neighbourhood Retail, Large Format Retail and Health & Services.
Ord Minnett has an accumulate rating and $1.46 price target on its shares.
In respect to payouts, the broker believes the company will reward shareholders with dividends per share of 8.5 cents in FY 2025 and then 8.6 cents in FY 2026. Based on its current share price of $1.29, this would mean dividend yields of 6.6% and 6.7%, respectively.
Treasury Wine Estates Ltd (ASX: TWE)
Morgans remains positive on this struggling wine giant. It is the name behind popular brands such as Penfolds, Wolf Blass, and 19 Crimes.
The broker has a buy rating and $11.06 price target on its shares. It highlights that "TWE's trading multiples look far too cheap (FY25 PE of only 14.2x)."
Morgans is forecasting partially franked dividends per share of 39.5 cents in FY 2025 and then 45 cents in FY 2026. Based on its current share price of $7.84, this would mean dividend yields of 5% and 5.7%, respectively.
