Brokers say these ASX dividend shares are buys

Deciding which ASX dividend shares to buy can be difficult given how much choice there is.

To help narrow things down, I have picked out two shares that brokers are tipping as buys this month.

Here’s what they are recommending to clients:

Amcor (ASX: AMC)

The team at Morgans thinks that packaging giant Amcor could be an ASX dividend share to buy.

It was pleased to see management reaffirm its synergy targets and FY 2026 guidance. So, with its shares trading on low earnings multiples, it feels that now is the time to snap them up. It said:

Following AMC’s recent 5:1 share consolidation, we update our per share estimates (EPS and DPS) to reflect the new share count. Our underlying earnings forecasts change marginally (between 0-1%), largely reflecting updates to FX assumptions. Our target price increases to $76.00 (from $15.20 previously) following the share consolidation. With a 12-month forecast TSR of 21%, we maintain our BUY rating. Following AMC’s solid 1Q26 result, management’s increased confidence in delivering FY26 synergy targets, and the reaffirmation of FY26 guidance, we believe the outlook remains positive. Trading on 10x FY27F PE with a 5.8% yield, we continue to view the valuation as attractive. AMC is due to report its 1H26 result in early February.

Morgans is expecting dividends per share of $4.01 in FY 2026 and then $4.09 in FY 2027. Based on its current share price of $63.86, this would mean dividend yields of 6.3% and 6.4%, respectively.

The broker has a buy rating and $76.00 price target on Amcor’s shares.

Endeavour Group Ltd (ASX: EDV)

Bell Potter thinks that this struggling drinks giant could be an ASX dividend share to buy now.

The broker believes that the BWS and Dan Murphy’s owner’s strategy reset could be the key to driving growth again. It said:

We retain our Buy rating and lower our TP to $4.00. With a key negative catalyst now digested by the market (Retail gross margin reset), we can now look ahead to the strategy refresh where we believe expectations remain low (however, have improved given today’s muted market reaction) and therefore presents upside surprise potential. The key risk to our thesis is a further reset in earnings following the strategy refresh.

As for income, Bell Potter is forecasting fully franked dividends of 15 cents per share in FY 2026 and then 19 cents per share in FY 2027. Based on its current share price of $3.77, this would mean dividend yields of 4% and 5%, respectively.

Bell Potter has a buy rating and $4.00 price target on its shares.

The post Brokers say these ASX dividend shares are buys appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares today
• 3 ASX 200 shares that look like cheap buys to me
• $10,000 in these ASX dividend shares pays how much passive income?
• These two packaging majors are tipped to return better than 25%
• Morgans says these ASX 200 shares can rise 20%+

Motley Fool contributor James Mickleboro has positions in Endeavour Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Amcor Plc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.