Are you looking for ASX dividend stocks to buy in July?
If you are, then take a look at the four listed below that brokers rate as buys. Here's what they are recommending to clients:
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Accent Group Ltd (ASX: AX1)
The team at Bell Potter thinks that Accent Group could be an ASX dividend stock to buy.
It is a footwear-focused retailer that owns and operates leading brands like The Athlete's Foot, Hype DC, and Platypus. It is also rolling out the Sports Direct brand across the ANZ region.
Despite facing headwinds this year, the broker believes Accent Group is well-positioned to pay attractive dividends. It 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 $1.39, this represents dividend yields of 5.3% and 6.8%, respectively.
Bell Potter has a buy rating and $2.60 price target on its shares.
Dexus Convenience Retail REIT (ASX: DXC)
Bell Potter is also a fan of the Dexus Convenience Retail REIT and sees it as a good ASX dividend stock to buy.
It owns a portfolio of Australian service stations and convenience retail assets.
Bell Potter sees "the prospect for further industry consolidation and inbound (new to market) operator interest as the success of operators like OTR with high margin retail can translate to underinvested highway sites, and large-scale regional sites / areas."
It expects this to underpin dividends of 20.6 cents per share in FY 2025 and then 20.9 cents per share in FY 2026. Based on its current share price of $3.02, this implies dividend yields of 6.8% and 6.9%, respectively.
The broker has a buy rating and $3.35 price target on its shares.
Endeavour Group Ltd (ASX: EDV)
A third ASX dividend stock that could be a buy is Endeavour Group. It is the leader in the Australian alcohol retail market through its popular store brands Dan Murphy's and BWS.
Morgan Stanley is a fan and believes investors should be buying its shares while they are down in the dumps.
The broker is forecasting 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 $4.01, this will mean dividend yields of 4.7% and 5.2%, respectively.
Morgan Stanley has an overweight rating and $5.30 price target on its shares.
Rural Funds Group (ASX: RFF)
Finally, Bell Potter has also named Rural Funds as an ASX dividend stock to buy.
It is an agricultural property company that owns a portfolio of high-quality assets leased to major operators.
The broker expects these assets to underpin dividends per share of 11.7 cents in FY 2025 and then 12.2 cents in FY 2026. Based on its current share price of $1.77, this will mean dividend yields of 6.6% and 6.9%, respectively.
Bell Potter has a buy rating and $2.45 price target on its shares.
