If you are lucky enough to have $5,000 to invest in the share market, then the ASX dividend shares in this article could be top picks.
Here's what analysts are saying about these income options this month:
Centuria Industrial REIT (ASX: CIP)
The first ASX dividend share that could be a buy with the $5,000 is Centuria Industrial REIT.
It is Australia's largest domestic industrial property investment company, with a portfolio of high-quality assets in key metropolitan areas.
UBS is a fan of the company and is forecasting dividends of 16 cents per share in FY 2025 and then 17 cents per share in FY 2026. Based on its current share price of $2.89, this will mean dividend yields of 5.5% and 5.9%, respectively.
The broker has a buy rating and $3.80 price target on its shares.
Harvey Norman Holdings Limited (ASX: HVN)
Over at Bell Potter, its analysts are tipping retail giant Harvey Norman as an ASX dividend share to buy. The broker believes the company is well-positioned to benefit from an AI-driven device upgrade cycle.
It is expecting this to support the payment of fully franked dividends of 25.9 cents per share in FY 2025 and 28.5 cents per share in FY 2026. With a share price of $5.01, this will mean dividend yields of 5.15% and 5.7%, respectively.
Bell Potter has a buy rating and $5.80 price target on its shares.
HomeCo Daily Needs REIT (ASX: HDN)
The team at Morgans thinks that HomeCo Daily Needs REIT could be an ASX dividend share to buy with the $5,000.
It is a real estate investment trust (REIT) owns and operates a portfolio of convenience-based retail assets, including neighbourhood shopping centres and large-format retail properties.
Morgans believes the company is positioned to pay dividends of 8.5 cents per share in FY 2025 and then 8.7 cents per share in FY 2026. Based on the current HomeCo Daily Needs share price of $1.16, this implies generous dividend yields of 7.3% and 7.5%, respectively, for investors.
The broker has an add rating and $1.36 price target on its shares.
Treasury Wine Estates Ltd (ASX: TWE)
Goldman Sachs thinks that Treasury Wine could be an ASX dividend share to buy.
It is the wine giant behind popular brands such as Penfolds, Wolf Blass, and 19 Crimes.
The broker remains positive on the company, particularly given the strength of the Penfolds brand and the removal of Chinese tariffs on Australian wine. It expects this to underpin partially franked dividends of 42 cents per share in FY 2025 and then 49 cents in FY 2026. Based on its current share price of $9.79, this would mean dividend yields of 4.3% and 5%, respectively.
Goldman Sachs has a buy rating and $12.90 price target on its shares.
