Income investors are spoilt for choice on the Australian share market.
But with so much choice, it can be hard to decide which ASX dividend shares to buy over others.
But don't worry, because analysts have narrowed things down for you by picking out a number of growing dividend shares that they rate as buys. They are as follows:
The first ASX dividend share that could be a buy is Coles. As one of the two supermarket giants in Australia, it offers income investors a slice of a defensive, cash-generative business that's deeply embedded in the daily spending habits of millions of Aussies.
The team at Macquarie is positive on the company and has an outperform rating and $23.10 price target on its shares.
As for income, it is forecasting fully franked dividends per share of 67 cents in FY 2025 and then 78 cents in FY 2026. Based on its current share price of $22.00, this would mean yields of 3% and 3.5%, respectively.
Another ASX dividend share that analysts are positive on is Lovisa.
It is fast fashion jewellery retailer that has been growing at a strong rate over the past decade, entering new markets at speed and delivering strong returns for shareholders. And while it isn't traditionally known as a dividend share, due to recent share price weakness, it now offers an attractive dividend yield.
For example, Bell Potter expects dividends of 71.1 cents in FY 2025 and then 76.9 cents in FY 2026. Based on its current share price of $24.85, this equates to dividend yields of 2.9% and 3.1%, respectively.
The broker has a buy rating and $30.00 price target on its shares.
A final ASX dividend share that could be a buy is Treasury Wine.
It is the wine giant behind the Penfolds brand. After a few years of underperformance, Treasury Wine is being tipped for strong and sustainable earnings growth over the medium term. This is being driven by its premiumisation strategy and the reopening of the China market.
Goldman Sachs is feeling very positive about its outlook and believes strong earnings (and dividend) growth is coming. It has put a buy rating and $12.90 price target on its shares.
In respect to dividends, the broker expects partially franked dividends of 42 cents in FY 2025 and then 49 cents in FY 2026. Based on its current share price of $8.84, this would mean dividend yields of 4.75% and 5.5%, respectively.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。