Brokers say these ASX dividend shares are top buys for income

Now could be a good time for income investors to buy these shares.

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Looking for ASX dividend shares to buy? If you answered yes to that, then read on!

That's because listed below are three shares that analysts recently named as buys. Here's what you need to know:

Elders Ltd (ASX: ELD)

Elders could be an ASX dividend share to buy according to analysts at Bell Potter. It is a leading agribusiness company that provides a range of services to Australian farmers.

Bell Potter believes that the company is well-placed for strong growth in the coming years, especially given the potential acquisition of Delta Agribusiness. It highlights that its analysts "forecast CAGR double digit EPS growth to FY27e on baseline drivers, with Delta having the scope to be ~10% accretive to FY26e EPS."

In addition, it is expecting attractive dividend yields in the near term. The broker is forecasting fully franked dividends of 36 cents per share in FY 2025 and then 43 cents per share in FY 2026. Based on the current share price of $7.48, this would mean dividend yields of 4.8% and 5.75%, respectively.

Bell Potter has a buy rating and $9.45 price target on its shares.

Regal Partners Ltd (ASX: RPL)

Morgans thinks that this fund manager could be an ASX dividend share to buy.

The broker was impressed with the company's performance during the first half of 2025 and thinks that its shares are being undervalued by the market. It highlights that "trading at a PER of 13x (CY26), with a strong balance sheet and capacity to continue growing FUM, we retain our BUY rating."

As for income, the broker is forecasting dividends per share of 13 cents in both FY 2025 and FY 2026. Based on its current share price of $3.05, this would mean dividend yields of 4.3%,

Morgans has a buy rating and $3.55 price target on its shares.

Treasury Wine Estates Ltd (ASX: TWE)

The team at Morgans also thinks that Treasury Wine could be an ASX dividend share to buy. It is the wine giant behind popular brands including Penfolds, Wolf Blass, and 19 Crimes.

Although the broker concedes that its performance has been disappointing, it believes the company's shares are being undervalued by the market. It recently noted that "TWE's trading multiples look far too cheap (FY25 PE of only 14.2x)."

As for dividends, the broker expects this to underpin partially franked dividends of 39.5 cents per share in FY 2025 and then 42.3 cents in FY 2026. Based on its current share price of $7.68, this would mean dividend yields of 5.15% and 5.5%, respectively.

Morgans currently has a buy rating and $10.25 price target on its shares.

Motley Fool contributor James Mickleboro has positions in Treasury Wine Estates. 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 recommended Elders and Treasury Wine Estates. 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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