Are you on the lookout for some new ASX dividend stocks to buy?
If you are, it could be worth checking out the two listed below that brokers rate very highly.
Here's what they are saying about them:
IVE Group Ltd (ASX: IGL)
The first ASX dividend stock that analysts are tipping as a best buy is IVE Group.
Bell Potter is a fan of IVE Group, highlighting that it is Australia's largest integrated marketing communications business with leading positions across every sector in which the company operates.
The broker believes the company is well-placed to continue paying big dividends in the near term. It said:
Over the past 20 years or so has expanded organically into logistics, creative services, integrated marketing and web offset printing and through acquisition into data driven communications, retail display, premiums and merchandising, marketing automation, distribution and digital catalogues. The result is a diversified, resilient business which has supported a consistently high dividend yield and a strong Balance Sheet to pursue further growth opportunities.
As for income, Bell Potter is forecasting fully franked dividends of 18 cents per share in both FY 2025 and FY 2026. Based on its current share price of $3.01, this equates to dividend yields of 6%.
Its analysts have a buy rating and $3.15 price target on its shares.
Treasury Wine Estates Ltd (ASX: TWE)
The team at Morgans thinks that this wine giant could be an ASX dividend stock to buy right now.
While the broker acknowledges that trading conditions have been tough, it feels that this is more than priced into its shares. It explains:
TWE has released its new divisional operating model (Penfolds, Treasury Americas and Treasury Collective) and a further update on its business performance. FY25 guidance was reiterated. In FY26, TWE is targeting further earnings growth, albeit more modest than its previous targets, particularly for Treasury Americas. An up to 5% share buyback was also announced.
We have revised our forecasts. While not without risk given industry and macro headwinds, TWE's trading multiples look far too cheap (FY25/26 PE of only 13.6/12.6x) and we maintain a BUY rating. However, we recognise the stock is lacking near-term catalysts and therefore patience is required given a material rerating may take time to eventuate.
In the meantime, Morgans is forecasting partially franked dividends per share of 39.5 cents in FY 2025 and then 42.3 cents in FY 2026. Based on its current share price of $7.96, this would mean dividend yields of 5% and 5.3%, respectively.
Morgans has a buy rating and $10.25 price target on its shares.
