With interest rates falling this year and likely to go lower in 2026, the Australian share market remains the place to be for good yields.
But which ASX dividend stocks could be top options for income investors right now? Let's take a look at three shares that analysts at Morgans have recently named as buys. They are as follows:
HomeCo Daily Needs REIT (ASX: HDN)
Morgans thinks that HomeCo Daily Needs REIT could be a top pick for income investors.
It is a real estate investment trust with a mandate to invest in convenience-based assets across the target sub-sectors of Neighbourhood Retail, Large Format Retail and Health & Services. It counts the likes of Wesfarmers Ltd (ASX: WES), Coles Group Ltd (ASX: COL), and Woolworths Group Ltd (ASX: WOW) as tenants.
The broker believes the company is positioned to pay dividends per share of 8.6 cents in FY 2025 and then 8.8 cents in FY 2026. Based on its current share price of $1.27, this would mean dividend yields of 6.8% and 6.9%, respectively.
The broker currently has an accumulate rating and $1.33 price target on its shares.
IPH Ltd (ASX: IPH)
Morgans also thinks that IPH could be an ASX dividend stock to buy now.
It is one of the world's leading intellectual property services companies, assisting companies across the globe with patents, trademarks, and legal protection. Its firms work throughout 26 IP jurisdictions and have clients in more than 25 countries.
IPH's brands include AJ Park, Griffith Hack, Pizzeys, ROBIC, Smart & Biggar, and Spruson & Ferguson. It also owns IP business Applied Marks, which is an online automated trademark application platform.
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 $5.30, this will mean dividend yields of 6.6% and 6.8%, respectively.
Morgans has an add rating and $6.30 price target on its shares.
Treasury Wine Estates Ltd (ASX: TWE)
A third ASX dividend stock that Morgans is positive on is wine giant Treasury Wine. It is the name behind popular brands such as Penfolds, Wolf Blass, and 19 Crimes.
It highlights that "while not without risk given industry and macro headwinds, TWE's trading multiples look far too cheap (FY25/26 PE of only 13.6/12.6x) and we maintain a BUY rating."
In respect to payouts, Morgans is forecasting partially franked dividends per share of 39.5 cents in FY 2025 and then 45 cents in FY 2026. Based on its current share price of $7.64, this would mean dividend yields of 5.2% and 5.9%, respectively.
The broker has a buy rating and $10.25 price target on its shares.
