Are you on the lookout for some new additions for your income portfolio?
Well, if you are, it could be worth considering the two ASX dividend shares listed below that brokers are tipping as buys.
Here's what sort of dividend yields you can expect from them:
Cedar Woods Properties Limited (ASX: CWP)
Morgans thinks that Cedar Woods could be an ASX dividend share to buy. The broker was pleased with the property developer's performance in FY 2024 and believes it is well-placed to build on this in FY 2025. It said:
CWP announced FY24 NPAT of $40.5m, up 28% (vs pcp) and above both the guidance range of $36m – $39m and our prior forecast of $37.8m. The key contributor was the sale of the William Land Shopping Centre, with lot revenue and gross profit broadly stable. Looking forward, the signs are positive, with guidance for +10% NPAT growth in FY25, supported by favorable operating conditions in most key states.
The broker is forecasting dividends per share of 27 cents in FY 2025 and then 31.7 cents in FY 2026. Based on its current share price of $5.60, this equates to 4.8% and 5.65% dividend yields, respectively.
Morgans has an add rating and $6.50 price target on the company's shares.
Regal Partners Ltd (ASX: RPL)
The team at Bell Potter is tipping this alternative investment manager as an ASX dividend share to buy.
The broker likes Regal Partners due to its strong investment performance, a series of transformational mergers, and its cheap valuation. It explains:
In recent years, Regal has expanded rapidly through strong investment performance, net flows into its funds, launches of new funds, and the acquisition or merger with VGI Partners, PM Capital and Taurus, which have expanded funds under management from $1.1bn in 2017, to over $12.1bn (March 2025).
We continue to favour RPL, given its strong organic & inorganic growth potential, and entrepreneurial culture. In the last six months, and following the recent acquisition of PM Capital and Taurus (50%), the firm has shown an acceleration of inflows, strong investment performance (which will give rise to performance fees) and success in marketing new funds. We feel this strong performance is not reflected in the share price and see considerable upside.
In respect to income, Bell Potter is forecasting fully franked dividends per share of 19.5 cents in FY 2025 and 22.1 cents in FY 2026. Based on its current share price of $3.32, this represents dividend yields of 5.9% and 6.7%, respectively.
The broker currently has a buy rating and $4.97 price target on its shares.
