Do you have space in your income portfolio for some new picks in September? If you do, then it could be worth checking out the two ASX dividend stocks listed below.
That's because they have been named as buys and tipped to rise 15% to 30% from current levels by brokers. Here's what you need to know:
Image source: Getty Images
Qualitas Ltd (ASX: QAL)
Qualitas could be an ASX dividend stock to buy according to analysts at Macquarie.
It is one of Australia's leading alternative real estate funds management firms, investing capital on behalf of its fund investors throughout the major capital cities of Australia, New Zealand, and the US.
Macquarie believes that its shares are good value given its expectation for strong earnings growth in FY 2026. It recently 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 dividends, the broker is forecasting fully franked payouts of 11.5 cents per share in FY 2026 and then 13.2 cents per share in FY 2027. Based on its current share price of $3.43, this equates to dividend yields of 3.4% and 3.8%, respectively.
Macquarie has an outperform rating and $3.98 price target on its shares. This implies potential upside of 16% from current levels
Treasury Wine Estates Ltd (ASX: TWE)
Another ASX dividend stock that analysts are tipping to deliver big returns is Treasury Wine.
It is the wine company behind a range of popular brands such as Penfolds, Wolf Blass, and 19 Crimes.
The team at Morgans thinks its shares are cheap after recent weakness. It also expects some generous dividend yields in the near term. The broker explains:
TWE's FY25 result was in line with guidance, reporting a credible 17% growth in EBITS during a period of macro-economic and category headwinds. TWE is targeting further EBITS growth in FY26, led by Penfolds. We have made modest changes to our forecasts reflecting the disruption associated with a change of distributor in California. While lacking near term share price catalysts given industry and macro headwinds and a CEO transition, trading on an FY26F PE of only 12.7x, we maintain a BUY rating. A$200m share buyback should provide some degree of share price support.
In respect to income, Morgans is forecasting partially franked dividends per share of 41 cents in FY 2026 and then 46 cents in FY 2027. Based on its current share price of $7.64, this would mean dividend yields of 5.4% and 6%, respectively.
The broker has a buy rating and $10.10 price target on its shares, which suggests that its shares could rise 32% over the next 12 months.
