Thankfully for income investors in this low interest rate environment, there are plenty of ASX dividend stocks to choose from on the local share market.
But which ones could be buys right now?
Let's take a look at two that brokers think investors should be snapping up before it's too late. They are as follows:
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APA Group (ASX: APA)
The first ASX dividend stock for income investors to look at is APA Group.
It is an energy infrastructure giant that owns a portfolio of gas pipelines, electricity grids, solar farms and wind assets across Australia. At the last count, these assets were valued at $27 billion.
Macquarie is positive on the company and believes it is positioned to pay a big dividend again in FY 2026 and FY 2027. It said:
APA's FY1 EV/EBITDA of ~11.6x looks attractive vs an historical range of 11.8-13.3x. The yield of ~6.7% pa is sustainable, with growing franking in coming years. Core earnings momentum should build with cost reductions and as new investment becomes income-generating.
In respect to income, Macquarie is forecasting partially franked dividends per share of 58 cents in FY 2026 and then 59 cents in FY 2027. Based on its current share price of $8.82, this would mean dividend yields of 6.6% and 6.7%, respectively.
The broker has an outperform rating and $9.23 price target on its shares.
Universal Store Holdings Ltd (ASX: UNI)
Morgans is a fan of this youth fashion retailer and thinks its shares could offer big returns for investors over the next 12 months.
Although its performance in FY 2025 was a touch below expectations, it was happy to overlook this due to its strong start to the new financial year. It said:
UNI's FY25 result was slightly below expectations driven by higher costs which offset stronger than expected gross margins. UNI's execution in a tough market has been exemplary, with LFL Universal Store (US) sales up 13%. The strong sales momentum has continued into the start of FY26, despite significantly harder comps, double digit LFL sales in US and Perfect Stranger (PS). We have increased our FY26/27 EBIT forecasts by 1.7%/1.8% respectively driven by higher sales and gross margins, somewhat offset by higher costs.
In respect to income, the broker is forecasting fully franked dividends per share of 41 cents in FY 2026 and 45 cents in FY 2027. Based on its current share price of $8.46, this would mean dividend yields of 4.8% and 5.3%, respectively.
Morgans has a buy rating and $10.80 price target on the ASX dividend stock.
