Forget the big four banks and buy these ASX dividend stocks for income

Analysts have put buy ratings on these shares for a reason.

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Are you looking for some income ideas outside of the big four banks?

If you are then it could be worth taking a close look at the two ASX dividend stocks listed below that brokers rate as buys.

Here's what you need to know about them:

Accent Group Ltd (ASX: AX1)

The first ASX dividend stock for income investors to look at is Accent Group. It has emerged as a strong dividend player in the retail space. The company owns and operates footwear chains such as Platypus and Hype DC, along with exclusive distribution rights for major global brands.

Bell Potter remains positive on the company and earlier this week put a buy rating and $1.80 price target on its shares. It said:

In the near term, we expect monetary policy catalysts to drive recovery in the lifestyle segment from 2Q26e, while in the medium-long term, we see a higher growth focus for AX1 leveraging the outperforming sports segment via dominant global partner and key shareholder, FRAS. With the first Sports Direct store opening in mid-November, we anticipate the unlocking of the sizable store roll-out opportunity for the banner in Australia (50-store target over 6 years), while benefiting from a higher relevance to leading brand partners such as Nike backed by FRAS.

In respect to dividends, Bell Potter is forecasting fully franked payouts of 7.8 cents in FY 2026 and then 9.2 cents in FY 2027. Based on its current share price of $1.39, this equates to dividend yields of 5.6% and 6.6%, respectively.

Qualitas Ltd (ASX: QAL)

Another ASX dividend stock that has been named as a buy is Qualitas.

It is one of Australia's leading alternative real estate funds management firms. Qualitas invests capital on behalf of its fund investors throughout the major capital cities of Australia, as well as New Zealand and the US.

In response to its results this week, Macquarie retained its outperform rating with an improved price target of $3.98. It said:

Outperform $3.98 TP. QAL is progressing on its strategy to grow committed FUM and deploy proceeds, benefiting from capital interest in private CRE credit. We believe our forecast 19% EPS growth in FY26 is attractive, even with QAL on 25x earnings following the recent re-rate.

As for income, the broker is forecasting fully franked dividends per share of 11.5 cents in FY 2026 and then 13.2 cents in FY 2027. Based on its current share price of $3.69, this equates to dividend yields of 3.1% and 3.6%, respectively.

Motley Fool contributor James Mickleboro has positions in Accent Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Accent Group. 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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