Here are 3 top ASX dividend shares to buy now: analysts

There are a good number of ASX dividend shares on the Australian share market that could be great candidates for income investors.

But which ones do analysts believe you should be buying now? Let’s take a look at three that they are feeling bullish on:

Endeavour Group Ltd (ASX: EDV)

The first ASX dividend share that could be a buy right now is Dan Murphy’s and BWS owner Endeavour.

Goldman Sachs is a big fan of the company and has a buy rating and $6.40 price target on its shares.

The broker highlights its “attractive 16.9x FY24 P/E vs 5.2% EPS 23-26e CAGR for a staple with clear market leading position.”

As for dividends, the broker is forecasting fully franked dividend of approximately 21 cents per share in FY 2024 and 23 cents per share in FY 2025. Based on the current Endeavour share price of $5.46, this equates to yields of 3.8% and 4.2%, respectively.

Orora Ltd (ASX: ORA)

Another ASX dividend share that Goldman likes is packaging company Orora.

It recently looked through the company’s major Saverglass acquisition and liked what it saw. It highlights that the “implied Saverglass valuation offers good risk/reward.”

Goldman has a buy rating and $3.50 price target on Orora’s shares.

In addition, it is forecasting some attractive dividend yields in the coming years. It expects dividends per share of 14 cents in FY 2025 and 15 cents in FY 2025. Based on the current Orora share price of $2.66, this will mean 5.25% and 5.6% yields, respectively.

Premier Investments Limited (ASX: PMV)

A final ASX dividend share that could be a buy is Premier Investments. It is the retail conglomerate that owns a collection of brands such as Just Jeans, Peter Alexander, and Smiggle.

Morgan Stanley is a big fan of Premier Investments and has named it as its top mid cap retail pick. It has an overweight rating and $32.00 price target on its shares.

As for income, the broker is expecting fully franked dividends per share of $1.01 in FY 2024 and $1.06 in FY 2025. Based on the latest Premier Investments share price of $27.67, this equates to yields of 3.65% and 3.8%, respectively.

The post Here are 3 top ASX dividend shares to buy now: analysts appeared first on The Motley Fool Australia.

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More reading

• Buy Endeavour and these ASX dividend stocks
• Analysts say these 3 ASX dividend stocks are buys with big yields
• Goldman Sachs says these blue chip ASX 200 shares are top buys
• Here are the top 10 ASX 200 shares today
• If you invest $10,000 in Premier Investments shares, how much passive income will you receive in 2024?

Motley Fool contributor James Mickleboro has positions in Endeavour Group. 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 recommended Orora and Premier Investments. 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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