Are you looking for some new additions to your income portfolio?
If you are, then the two ASX dividend shares listed below could be worth a closer look.
Bell Potter currently rates them as buys and expects dividend yields of 6%+ from them. Here's what it is recommending to clients:
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GDI Property Group Ltd (ASX: GDI)
The first ASX dividend share that could be a buy according to the broker is GDI Property Group.
It owns, manages, and develops office property, but also has exposure to car parks and co-living sectors.
Bell Potter believes that its shares are undervalued based on its net tangible assets (NTA). It said:
No change to our Buy recommendation. GDI continues to trade at a significant -41% discount to NTA which reflects no value for its FM OpCo, and while the Perth office market recovery could be a 'slow burn' with early leasing wins working through for GDI, we do still see upside from current levels which drops straight through to FFO gains
In respect to dividends, the broker is forecasting payouts of 5 cents per share in both FY 2026 and FY 2027. Based on its current share price of 71.5 cents, this would mean dividend yields of 7% for both years.
Bell Potter has put a buy rating and 85 cents price target on its shares this week.
Rural Funds Group (ASX: RFF)
Another ASX dividend share that Bell Potter is bullish on is agricultural property company Rural Funds.
It believes that the company's shares are being significantly undervalued by the market based on its current net asset value (NAV). The broker explains:
Our Buy rating is unchanged. The -~35% discount to market NAV remain higher than average (~6% premium since listing) and likely reflects the proportion of assets that are underearning as operating farms. With a continued improvement in most counterparty profitability indicators in recent months (i.e. cattle, almond and macadamia nut prices), resilience in farming asset values and the progress made in creating headroom in funding lines to complete the macadamia development we see this as excessive.
As for income, the broker is forecasting dividends per share of 11.7 cents in both FY 2026 and FY 2027. Based on its current share price of $1.96, this would mean dividend yields of 6% for both years.
This week, Bell Potter retained its buy rating and $2.45 price target on Rural Funds' shares.
