Unfortunately for income investors, the Reserve Bank of Australia is likely to be taking interest rates even lower over the next 12 months.
But don't worry, because the Australian share market and its countless ASX dividend shares are here to save the day!
But which shares would be top picks for income? Let's take a look at three that analysts are tipping as buys:
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IPH Ltd (ASX: IPH)
The team at Morgans thinks that IPH could be an ASX dividend share to buy now.
It is an intellectual property (IP) services company that operates across the globe through brands such as AJ Park, Smart & Biggar, and Spruson & Ferguson.
Morgans highlights that "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."
In respect to income, the broker is forecasting fully franked dividends of 37 cents per share in FY 2026 and FY 2027. Based on the current IPH share price of $3.73, this will mean dividend yields of approximately 10% for both years.
Morgans has an add rating and $6.05 price target on its shares.
Stockland Corporation Ltd (ASX: SGP)
Stockland could be an ASX dividend share to buy this month according to analysts at Citi.
It is one of Australia's largest diversified property companies with a specialty in residential communities, land lease communities, town centres, logistics, and office real estate.
Citi likes the company due to its exposure to falling cap rates and favourable supply-demand dynamics.
The broker expects this to underpin dividends of 25.2 cents per share in FY 2026 and then 26.7 cents per share in FY 2027. Based on its current share price of $6.17, this would mean dividend yields of 4.1% and 4.3%, respectively.
Citi has an overweight rating and $6.90 price target on its shares.
Treasury Wine Estates Ltd (ASX: TWE)
Finally, Treasury Wine could also be an ASX dividend share to buy according to analysts at Morgans.
It is the wine company behind the popular brands such as Penfolds, 19 Crimes, Wolf Blass, DAOU, Blossom Hill, and Lindeman's.
Morgans thinks its shares are too cheap to ignore. Its analysts highlight that "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."
As for income, the broker 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 $7.38, this would mean dividend yields of 5.55% and 6.2%, respectively.
Morgans has a buy rating and $10.10 price target on its shares.
