With interest rates falling this year and likely to go lower in 2026, the Australian share market remains the place to be for yields.
But which ASX dividend shares could be buys? Let's take a look at three shares that analysts have named as buys and expect 5%+ dividend yields from in the near term. They are as follows:
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Centuria Industrial REIT (ASX: CIP)
The first ASX dividend share that could be a buy is Centuria Industrial REIT. It is one of Australia's largest pure-play industrial property trusts. It offers exposure to a diversified portfolio of modern warehouses and logistics facilities.
It appears well-placed for growth in the coming years thanks to e-commerce and supply chain upgrades driving long-term demand for industrial space.
UBS expects this to underpin dividends per share of 16.3 cents per in FY 2025 and then 17.1 cents per share in FY 2026. Based on its current share price of $3.10, this equates to dividend yields of 5.25% and 5.5%, respectively.
The broker has a buy rating and $3.92 price target on its shares.
IPH Ltd (ASX: IPH)
Over at Morgans, its analysts are tipping IPH as an ASX dividend share to buy.
It is one of the world's leading intellectual property services companies, assisting companies across the globe with patents, trademarks, and legal protection.
Following a decade of increases, Morgans believes the company is well-placed to continue growing its dividend in the coming years. It 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 $5.20, this will mean dividend yields of 6.7% and 6.9%, respectively.
Morgans has an add rating and $6.30 price target on its shares.
Rural Funds Group (ASX: RFF)
A final ASX dividend share that analysts think could offer a great dividend yield is Rural Funds.
It is a real estate investment trust (REIT) with a focus on Australian agricultural properties. It has a $1.9 billion property portfolio spread across almonds, vineyards, cropping, cattle, and macadamias.
It boasts a weighted average lease expiry of 13 years. And with inflation-linked or market rent reviews typically included in its lease agreements, Rural Funds has great visibility on future earnings (and dividends).
In respect to the latter, Bell Potter is forecasting dividends of 11.7 cents per share in FY 2025 and then 12.2 cents per share in FY 2026. Based on its current share price of $1.82, this represents dividend yields of 6.4% and 6.7%, respectively.
Bell Potter has a buy rating and $2.45 price target on its shares.
