Yesterday, the RBA elected to cut interest rates once again.
While this is great news for borrowers, it is making life harder for income investors.
But don't worry if you're in the latter group. That's because there are plenty of ASX dividend stocks out there that could help you beat the RBA cuts.
Here are three that brokers rate as buys:
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Endeavour Group Ltd (ASX: EDV)
The first ASX dividend stock to buy could be Endeavour Group. It is the leader in the Australian alcohol retail market through its Dan Murphy's and BWS brands.
Endeavour Group also owns the ALH Hotels business, which has over 350 licensed venues across the country.
Morgans remains positive on the company and is forecasting some attractive yields in the near term.
It expects 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 $4.14, this will mean dividend yields of 4.6% and 5.1%, respectively.
Morgans has an accumulate rating and $4.35 price target on its shares.
HomeCo Daily Needs REIT (ASX: HDN)
Another ASX dividend stock that has been given the thumbs up is HomeCo Daily Needs REIT.
It is a real estate investment trust that focuses on convenience-based assets across the target sub-sectors of neighbourhood retail, large format retail and health & services. It counts blue chips such as Woolworths Group Ltd (ASX: WOW) and Wesfarmers Ltd (ASX: WES) as tenants.
Morgans is bullish on the company. It believe falling interest rates will be a positive for it and its peers.
As for income, the broker is forecasting dividends per share of 8.6 cents in FY 2025 and then 8.8 cents in FY 2026. Based on its current share price of $1.29, this would mean dividend yields of 6.7% and 6.8%, respectively.
Morgans has an add rating and $1.33 price target on its shares.
Perpetual Ltd (ASX: PPT)
Finally, Bell Potter thinks that financial services company Perpetual could be an ASX dividend stock to buy.
This is due partly to its belief that its transformation will start to bear fruits soon. Its analysts highlight that they "anticipate that the sale of the Wealth Management business will free resource within the company, reducing net debt, and lower interest costs which in turn should free cashflow for dividends and reinvestment in the business."
Bell Potter is forecasting dividends per share of $1.25 in FY 2025 and then $1.42 in FY 2026. Based on its current share price of $21.23, this would mean dividend yields of 5.9% and 6.7%, respectively.
The broker has a buy rating and $23.00 price target on its shares.
