3 ASX dividend shares that brokers love

MotleyFool
2024-12-17

If you are looking to boost your income with some ASX dividend shares, then the three listed below could be worth a closer look.

All three of these dividend shares are expected to provide investors with good dividend yields in the near term and could also rise nicely from current levels. Here's what analysts are saying about them:

DEXUS Property Group (ASX: DXS)

The first ASX dividend share to look at is Dexus Property Group.

It is one of Australia's leading fully integrated real asset group, managing a high-quality Australasian real estate and infrastructure portfolio valued at $54.5 billion. It also has a $16.1 billion real estate development pipeline that provides the opportunity to grow its portfolios and enhance future returns.

UBS is positive on the company and sees plenty of value in its shares at current levels. The broker currently has a buy rating and $8.25 price target on its shares.

As for dividends, the broker is forecasting dividends per share of 37 cents in FY 2025 and 38 cents in FY 2026. Based on the latest Dexus share price of $6.74, this will mean yields of 5.5% and 5.6%, respectively.

Regal Partners Ltd (ASX: RPL)

Another ASX dividend share that could be a buy is Regal Partners.

It is a specialist alternative investment manager providing investors with access to a diverse range of strategies covering long/short equities, private markets, real and natural assets, and credit and royalties.

The team at Bell Potter thinks that Regal Partners could be a top option for investors. The broker believes its shares could be undervalued at current levels, particularly given its strong investment performance. The broker has a buy rating and $4.85 price target on them.

As well as plenty of upside, Bell Potter is forecasting some good dividend yields in the near term. It expects fully franked dividends per share of 16.3 cents in FY 2024 and then 18.1 cents in FY 2025. Based on its current share price of $3.69, this represents dividend yields of 4.4% and 4.9%, respectively.

Universal Store Holdings Ltd (ASX: UNI)

Bell Potter also thinks that Universal Store could be an ASX dividend share to buy now.

It is the youth fashion retailer behind the Universal Store, Perfect Stranger, and Thrills brands.

Bell Potter has been pleased with the company's performance in FY 2024 and FY 2025. It also remains positive on its outlook due to "the store roll-out & brand growth strategy, margin expansion via private label product penetration (currently ~46%) and strong earnings trajectory." Bell Potter currently has a buy rating and $8.85 price target on its shares.

In respect to income, the broker is forecasting fully franked dividends per share of 31.4 cents in FY 2025 and then 36.8 cents in FY 2026. Based on the current Universal Store share price of $7.78, this will mean yields of 4% and 4.75%, respectively.

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