It is getting harder for income investors to find a good yield from savings accounts and term deposits.
And with interest rates potentially going even lower, ASX dividend shares could be the superior option for some time to come.
But which shares could be buys for income? Here are two that analysts rate as buys:
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Accent Group Ltd (ASX: AX1)
The first ASX dividend share that could be a buy is Accent Group. It owns and operates footwear chains such as Platypus and Hype DC, along with exclusive distribution rights for major global brands.
While times have been tough for Accent due to weak consumer spending, Bell Potter believes that the worst could be behind it and thinks income investors should be snapping up its shares while they can. 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 income, Bell Potter is forecasting fully franked dividends of 7.8 cents in FY 2026 and then 9.2 cents in FY 2027. Based on its current share price of $1.37, this equates to dividend yields of 5.7% and 6.7%, respectively.
Bell Potter has a buy rating and $1.80 price target on its shares.
Regal Partners Ltd (ASX: RPL)
Another ASX dividend share that Bell Potter thinks is a buy for income investors is Regal Partners.
It is a specialist alternative investment manager with approximately $18.5 billion in funds under management. Regal manages a broad range of investment strategies covering hedge funds, growth equity, real & natural assets, and credit & royalties.
Bell Potter thinks that its shares are undervalued at current levels and sees this as an opportunity for investors. It said:
We continue to find RPL attractive, given its growth opportunity and valuation. Growth in FUM has three drivers: Inflows: RPL continues to attract inflows, averaging over 1% of opening FUM per month in 2024.
[…] The business is highly profitable generating high management fee rates and performance fees. Despite the strong historic and prospective growth, the shares trade at just 11.7x forward EPS. While the stock has recovered strongly since April, it remains well below levels seen at the start of the year (and is down 24% over the past 12 months). We expect the HY results on 25 August to underscore the group's strengths, and we maintain our BUY recommendation.
As for dividends, Bell Potter is forecasting fully franked payouts of 11.8 cents per share in FY 2025 and then 18.2 cents per share in FY 2026. Based on its current share price of $2.83, this would mean dividend yields of 4.2% and 6.4%, respectively.
The broker has a buy rating and $3.55 price target on its shares.
