Are wanting to boost your income portfolio with some new ASX dividend shares?
If you are, then it could be worth checking out the two below that brokers believe are destined to reward their shareholders handsomely in the near term with generous dividend yields.
Here's what you need to know about them:
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Dexus Convenience Retail REIT (ASX: DXC)
The Dexus Convenience Retail REIT could be an ASX dividend share for income investors to buy this month.
Bell Potter likes this service stations and convenience retail focused property company due to its defensive and growing earnings, as well as its attractive valuation. It said:
Well placed to deliver defensive and growing earnings and NTA. Transaction momentum YTD CY25 and valuations indicating growth resuming as better quality convenience retail assets start to enter the cap trans market and marginal CoD now c.5% or slightly below. DXC remains one of our preferred ways to play externally managed REITs given its high distribution yield (c.7%), price discovery yet discounted trading price (-15.5% discount to NTA, and -10% discount to BPe NAV).
In respect to income, the broker is forecasting dividends of 20.9 cents per share in FY 2026 and then 21.6 cents per share in FY 2027. Based on its current share price of $3.02, this equates to dividend yields of 6.9% and 7.15%, respectively.
Bell Potter has a buy rating and $3.45 price target on its shares.
IPH Ltd (ASX: IPH)
Over at Morgans, its analysts think that intellectual property company IPH could be an ASX dividend share to buy.
While its performance wasn't great in FY 2025, Morgans feels positive about its outlook and sees its current valuation as cheap. The broker explains:
On a like-for-like basis, IPH reported flat FY25 revenue and EBITDA -4% on pcp. Each geography recorded marginal LFL EBITDA pressure, a mix of lower filings (ANZ); cost inflation (Asia); and some temporary issues (CAD). Whilst organic growth is still challenged, the FY26 outlook for each division looks relatively stable or marginal incremental improvement. A cost out program (A$8-10m in FY26) will assist. IPH's valuation is undemanding (<10x FY26F PE), however investor patience is required given the delivery of organic growth looks to be the catalyst for a sustained re-rating.
As for dividends, Morgans is forecasting fully franked payouts of approximately 37 cents per share in FY 2026 and FY 2027. Based on its current share price of $4.24, this would mean dividend yields of 8.7%.
The broker has a buy rating and $6.05 price target on its shares.
