Thankfully for income investors, there are plenty of ASX dividend shares out there to choose from.
To narrow things down, let's take a look at two shares that analysts are feeling bullish about and are tipping as buys. They are as follows:
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Cedar Woods Properties Ltd (ASX: CWP)
Analysts at Bell Potter think that property developer Cedar Woods could be an ASX dividend share to buy.
The broker rates the company highly due to its strong position in a market that is battling with extreme housing shortages. It explains:
CWP has a 35-year track record of delivering earnings and a proven management team. CWP has a substantial pipeline of residential projects amidst Australia's extreme housing shortage, record presales, and positive forward commentary from a historically conservative management team. We are attracted to the current valuation – trading below NTA (versus a long term average premium of +30%) and at a forward PE of 11x, which undervalues its double-digit growth profile.
In respect to income, the broker expects fully franked dividends of 33 cents per share in FY 2026 and then 36 cents per share in FY 2027. Based on its current share price of $7.64, this equates to dividend yields of 4.3% and 4.7%, respectively.
Bell Potter has a buy rating and $8.75 price target on its shares.
Flight Centre Travel Group Ltd (ASX: FLT)
Over at Morgans, its analysts think that travel agent giant Flight Centre could be an ASX dividend share to buy.
While it acknowledges that trading conditions remain tough, it believes that when the tide turns, the upside could be material. It said:
FLT's FY25 result was broadly in line with its recent update. Corporate was weaker than expected while Leisure and Other were stronger. FLT's guidance for a flat 1H26 was stronger than we expected however it was weaker than consensus. Earnings growth is expected to accelerate in the 2H26 from an improvement in macro-economic conditions and internal business improvement initiatives. We have made minor upgrades to our forecasts. We are buyers of FLT during this period of short-term uncertainty and share price weakness because when operating conditions ultimately improve, both its earnings and share price leverage to the upside will be material.
As for dividends, Morgans is forecasting fully franked payouts of 51 cents per share in FY 2026 and then 58 cents per share in FY 2027. Based on the current Flight Centre share price of $12.07, this would mean dividend yields of 4.2% and 4.8%, respectively.
Morgans has a buy rating and $15.65 price target on its shares.
