3 of the best ASX dividend shares to buy now

Income investors might want to check out these shares that Bell Potter rates as buys.

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If you are on the lookout for ASX dividend shares to buy, then read on.

That's because listed below are three that Bell Potter thinks are among the best to buy right now and has named on its Australian equities panel.

Here's what it is saying about them:

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IVE Group Ltd (ASX: IGL)

The first ASX dividend share that Bell Potter is tipping as a buy is IVE Group. It is Australia's largest integrated marketing communications business with leading positions across every sector in which the company operates.

Bell Potter notes that the company has diversified and resilient business which positions it to pay big dividends. It explains:

Over the past 20 years or so has expanded organically into logistics, creative services, integrated marketing and web offset printing and through acquisition into data driven communications, retail display, premiums and merchandising, marketing automation, distribution and digital catalogues. The result is a diversified, resilient business which has supported a consistently high dividend yield and a strong Balance Sheet to pursue further growth opportunities.

The broker is forecasting fully franked dividends of 18 cents per share in both FY 2025 and FY 2026. This equates to 7.3% dividend yields at current prices.

Smartgroup Corporation Ltd (ASX: SIQ)

Another ASX dividend share to buy could be Smartgroup. It is an industry-leading provider of employee benefits, end-to-end fleet management and software solutions with over 400,000 salary packages and 64,000 novated leases under management.

Bell Potter highlights its attractive valuation and positive growth outlook as reasons to buy. It said:

SIQ looks well priced given a forward P/E of ~12x, a defensive client base, earnings tailwinds from the Electric Car Discount Bill (exempts low or zero emission vehicles from Fringe Benefits Tax), an ROE of ~30% and a strong balance sheet.

The broker is forecasting fully franked dividends of 60.8 cents per share in FY 2025 and then 64.4 cents per share in FY 2026. Based on its current share price, this will mean dividend yields of 8% and 8.5%, respectively.

Universal Store Holdings Ltd (ASX: UNI)

Finally, Universal Store could be a top ASX dividend share to buy. It is a leading youth focused apparel, footwear and accessories retailer in Australia.

Bell Potter likes the company due to its strong earnings growth outlook and cheap valuation. It explains:

UNI will continue to increase store numbers over the next few years, supporting earnings growth of 14% p.a. over (FY25-27). Valuation looks attractive, trading on a fwd P/E of ~14x. UNI is a quality small cap (ROE ~25%) that is executing on its rollout strategy.

As for income, the broker is forecasting fully franked dividends of 34.6 cents per share in FY 2025 and then 36.6 cents per share in FY 2026. This equates to dividend yields of 4.5% and 4.8%, respectively.

Motley Fool contributor James Mickleboro has positions in Universal Store. 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 Smartgroup. 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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