The Australian share market is blessed with plenty of income options. But which ASX dividend shares could be buys in October?
Let's take a look at two that have been given the thumbs up from analysts recently. They are as follows:
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Clearview Wealth Ltd (ASX: CVW)
Clearview Wealth could be a top ASX dividend share to buy in October.
It is a life insurance company that manages almost $400 million of inforce premiums and has relationships with over 1,000 Australian Financial Services Licensees.
The team at Morgans is positive on the company. It believes Clearview Wealth's shares are undervalued based on its strong earnings growth potential, which is being underpinned by its transformation program. The broker said:
CVW's significant multiyear Business Transformation Program has, in our view, shown clear signs of driving improved growth and profitability in recent years. We expect further benefits to flow from this program in the near term, and we see CVW's FY26 key business targets as achievable. With a robust balance sheet, and with our expectations for ~21% EPS CAGR over the next three years, we see CVW's current ~11x FY25F PE multiple as undemanding.
As for dividends, Morgans has pencilled in fully franked dividends of 3.6 cents per share in FY 2025 and 4.3 cents per share in FY 2026. Based on the current Clearview share price of 53 cents, this would mean dividend yields of 6.8% and 8.1%, respectively.
Morgans has an add rating and 81 cents price target on its shares.
Regal Partners Ltd (ASX: RPL)
Over at Bell Potter, its analysts are tipping this alternative investment manager as an ASX dividend share to buy.
The broker thinks that Regal Partners is another stock that the market is undervaluing. It highlights its strong investment performance, the transformational merger with VGI Partners, and its positive growth outlook. It said:
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 then 22.1 cents in FY 2026. Based on its current share price of $3.60, this represents dividend yields of 5.4% and 6.1%, respectively.
The broker currently has a buy rating and $4.97 price target on its shares.
