If you are lucky enough to have $3,000 to invest into the share market and have a focus on income, then the ASX dividend stocks listed below could be worth considering.
They have recently been named as buys by analysts and tipped to offer attractive dividend yields. Here's what you need to know about them:
The first ASX dividend stock for income investors to look at for that $3,000 investment is Accent Group. It is a footwear-focused retailer that owns and operates leading brands like The Athlete's Foot, Stylerunner, Hype DC, and Platypus.
The team at Bell Potter is very positive on the company's outlook and sees potential for some big returns over the next 12 months. The broker has put a buy rating and $2.60 price target on its shares.
As for income, Bell Potter is forecasting fully franked dividends of 10.2 cents per share in FY 2025 and then 12.7 cents per share in FY 2026. Based on its current share price of $1.94, this represents dividend yields of 5.3% and 6.5%, respectively.
Another ASX dividend stock that analysts are tipping as a buy is Endeavour Group.
It is the leader in the Australian alcohol retail market with an omnichannel network of more than 1,675 stores, 344 hotels, and scalable digital platforms.
In addition, its customer base is large, growing and highly engaged, with over 4.5 million active My Dan's members.
Morgan Stanley thinks Endeavour could be a top pick for income investors. The broker has an overweight rating and $5.30 price target on its shares.
In respect to income, it is expecting the company to pay 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 $4.19, this will mean dividend yields of 4.5% and 5%, respectively.
Finally, IPH could be a great ASX dividend stock to buy with the $3,000. It is Australia's leading intellectual property services firm, assisting companies with patents, trademarks, and legal protection.
IPH has a defensive business model, recurring revenue streams, and global growth footprint, which make it a reliable dividend payer even during tough economic conditions.
Morgans sees significant value in its shares at current levels and has an add rating and $6.30 price target on them.
As for dividends, the broker is forecasting fully franked dividends of 35 cents per share in FY 2025 and then 36 cents per share in FY 2026. Based on the current IPH share price of $4.66, this will mean dividend yields of 7.5% and 7.7%, respectively.
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