Are you looking for some ASX dividend stocks for your income portfolio.
While Commonwealth Bank of Australia (ASX: CBA) shares are a popular option, many analysts think they are severely overvalued at current levels.
In light of this, Australia's largest bank may not be the best stock to buy for income right now.
But don't worry, because listed below are three alternatives that analysts rate as buys. They are as follows:
National Storage REIT (ASX: NSR)
The team at Citi thinks that National Storage could be an ASX dividend stock to buy.
National Storage is the largest self-storage provider in Australia and New Zealand providing tailored storage solutions to almost 100,000 residential and commercial customers from over 260 locations.
Citi is positive on the outlook for the self-storage industry and believes this leaves the company well-placed to grow its dividend in the coming years.
For example, the broker is forecasting dividends of 11.3 cents per share in FY 2025 and then 11.8 cents per share in FY 2026. Based on its current share price of $2.37, this equates to dividend yields of 4.75% and 5%, respectively, for income investors.
Citi currently has a buy rating and $2.70 price target on its shares.
Nick Scali Limited (ASX: NCK)
Citi is also feeling positive about Nick Scali and sees it as an ASX dividend stock to buy now.
It believes the furniture retailer is well-positioned for growth thanks partly to its expansion in the United Kingdom.
The broker expects this to underpin fully franked dividends of 55 cents in FY 2025 and then 65.5 cents in FY 2026. Based on its current share price of $18.21, this would mean dividend yields of 3% and 3.6%, respectively.
Citi has a buy rating and $20.64 price target on its shares.
Universal Store Holdings Ltd (ASX: UNI)
A third ASX dividend stock that has been rated as a buy by brokers is Universal Store.
Despite operating in a tough environment, Universal Store has been on form again this year and is on course to grow its sales, earnings, and dividend.
And with the company expanding its footprint and building its online presence, it looks well placed to build on this in the coming years.
The broker is forecasting fully franked dividends of 34.6 cents per share in FY 2025 and then 36.6 cents per share in FY 2026. Based on its current share price of $7.44, this equates to dividend yields of 4.65% and 4.9%, respectively.
As well as good yields, Bell Potter sees plenty of upside for its shares. It has a buy rating and $10.50 price target on them.
