Are you on the hunt for some new picks for your income portfolio in October?
If you are, then read on! That's because named below are five ASX dividend shares that analysts think could be buys.
Here's what they are recommending to clients:
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Dexus Convenience Retail REIT (ASX: DXC)
Dexus Convenience Retail REIT could be an ASX dividend share to buy. It owns a portfolio of Australian service stations and convenience retail assets that are leased to high-quality tenants on attractive, long-term leases.
Bell Potter expects 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 $2.99, this implies dividend yields of 7% and 7.2%, respectively.
The broker has a buy rating and $3.45 price target on its shares.
HomeCo Daily Needs REIT (ASX: HDN)
HomeCo Daily Needs REIT could be another ASX dividend share to buy. It is a real estate investment trust that focuses on convenience-based retail centres. This includes supermarkets, pharmacies, medical clinics, and pet stores. These are assets with stable tenants and long leases.
UBS is positive on the company and expects dividends of 9 cents per share in both FY 2026 and FY 2027. Based on its current share price of $1.36, this would mean dividend yields of 6.6% for both years.
UBS has a buy rating and $1.53 price target on its shares.
National Storage REIT (ASX: NSR)
Citi thinks that National Storage could be an ASX dividend share to buy. It is the largest self-storage provider in Australia and New Zealand, with over 275 centres.
The broker is bullish on National Storage and is forecasting dividends of 11.9 cents per share in FY 2026 and then 12.6 cents per share in FY 2027. Based on its current share price of $2.35, this equates to dividend yields of 5.1% and 5.35%, respectively, for income investors.
Citi has a buy rating and $2.80 price target on its shares.
Transurban Group (ASX: TCL)
Transurban could be a fourth ASX dividend share to buy in October. It is a toll road leader that operates 22 roads across Melbourne, Sydney and Brisbane, the Greater Washington area in the United States and Montreal in Canada.
The team at Citi is also bullish on this one. It expects these assets to underpin dividends per share of 69.9 cents in FY 2026 and then 74.1 cents in FY 2027. Based on its current share price of $13.80, this would mean dividend yields of 5.1% and 5.4%, respectively.
The broker has a buy rating and $16.10 price target on its shares.
Treasury Wine Estates Ltd (ASX: TWE)
A final ASX dividend share that could be a buy is Treasury Wine. It is one of the largest wine companies in the world.
Morgans remains positive on the Penfolds owner and believes it is positioned to pay 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 $7.07, this would mean dividend yields of 5.8% and 6.5%, respectively.
The broker has a buy rating and $10.10 price target on its shares.
