With the Reserve Bank of Australia tipped to cut the cash rate up to three more times this year, it is going to get harder to earn a decent return on cash from traditional income-bearing assets.
But never fear, the Australian share market is here to save the day with its high-yield ASX dividend shares.
But which ones could be buys? Let's take a look at three that analysts rate as buys:
Dicker Data Ltd (ASX: DDR)
The first ASX dividend share that could help income investors overcome falling interest rates is Dicker Data. It is Australia's leading distributor of ICT hardware, software, cloud, and IoT solutions for reseller partners.
Thanks to its leadership position in a growing market, Dicker Data has delivered solid and consistent earnings and dividend growth over the past decade. The good news is that UBS believes this trend can continue.
The broker is forecasting fully franked dividends of 45 cents per share in FY 2025 and then 51 cents in FY 2026. Based on its current share price of $8.18, this equates to dividend yields of 5.5% in 2025 and 6.2%, respectively.
UBS has a buy rating and $9.30 price target on its shares.
GQG Partners Inc. (ASX: GQG)
Another ASX dividend share to consider buying is GQG Partners.
It is a global boutique asset management company focused on active equity portfolios. At the end of May, the company had US$168.5 billion under management for clients around the world.
The team at Macquarie is bullish on GQG Partners and believes it is well-positioned to reward shareholders with some big dividends. It highlights that "at <9x NTM P/E with a >10% yield, valuation remains attractive."
The broker is forecasting dividends of 14.7 US cents (22.7 Australian cents) per share in FY 2025 and 16 US cents (24.8 Australian cents) per share in FY 2026. Based on its current share price of $2.12, this equates to massive dividend yields of 10.7% and 11.7%, respectively.
Macquarie has an outperform rating and $2.90 price target on its shares.
IPH Ltd (ASX: IPH)
Finally, analysts are also expecting some big dividend yields from IPH shares. It is Australia's leading intellectual property services firm, assisting companies with patents, trademarks, and legal protection.
Morgans is a fan and is forecasting fully franked dividends of 35 cents per share in FY 2025 and then 36 cents per share in FY 2026. Based on the current IPH share price of $4.69, this will mean dividend yields of 7.5% and 7.7%, respectively.
The broker has an add rating and $6.30 price target on its shares.
