3 ASX dividend shares to buy for a passive income boost

Thankfully for income investors, there are plenty of ASX dividend shares to choose from on the Australian share market.

But which ones could be buys this week?

Well, listed below there are three that analysts have rated as buys. Here’s what sort of yields could be on offer with these shares:

Endeavour Group Ltd (ASX: EDV)

The first ASX dividend share for income investors to look at this week is Endeavour. It is the drinks giant behind the leading BWS and Dan Murphy’s brands, as well as a large network of hotels.

It is the company’s “clear market leading position” and attractive valuation that Goldman Sachs likes. It currently has a buy rating and $6.20 price target on the company’s shares.

As for dividends, the broker is forecasting fully franked dividends of approximately 22 cents per share in FY 2024 and FY 2025. Based on the current Endeavour share price of $5.31, this will mean dividend yields of 4.1% for both years.

Stockland Corporation Ltd (ASX: SGP)

Another ASX dividend share that could be a buy is Stockland. It is known as Australia’s largest community creator, delivering a range of masterplanned communities and medium density housing in growth areas across the country.

Citi likes the company and believes it is well-placed to pay big dividends. It has a buy rating and $5.00 price target on its shares.

In respect to income, Citi is expecting dividends per share of 26.2 cents in FY 2024 and 26.6 cents in FY 2025. Based on the current Stockland share price of $4.80, this will mean yields of 5.45% and 5.5% yields, respectively.

Universal Store Holdings Ltd (ASX: UNI)

A final ASX dividend share that could be a buy this week is Universal Store. It is the youth fashion retailer behind the eponymous Universal Store brands, as well as the Perfect Stranger and Thrills brands.

The team at Bell Potter is very positive on the company. So much so, it recently put a buy rating and $5.65 price target on its shares.

The broker believes the company is well-placed to pay fully franked dividends per share of 24 cents in FY 2024 and then 31 cents in FY 2025. Based on the current Universal Store share price of $5.05, this will mean attractive yields of 4.75% and 6.1%, respectively.

The post 3 ASX dividend shares to buy for a passive income boost appeared first on The Motley Fool Australia.

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More reading

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Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in Endeavour Group and Universal Store. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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