Where to invest $2,000 in ASX dividend shares

Income investors might want to check out these shares that brokers rate as buys.

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Key points

  • BHP Group is recommended due to its substantial free cash flow and projected fully franked dividend yields of 4.3% and 3.8% for FY 2026 and FY 2027.
  • Sonic Healthcare offers promising dividend growth driven by strategic acquisitions and business adjustments, with expected yields of 5.1% and 5.2%.
  • Transurban Group is favoured for its consistent toll road income underpinning dividend yields of 4.6% and 4.9%, supported by strong growth prospects.

If you are looking to invest $2,000 into ASX dividend shares this week, then it could be worth checking out the three in this article.

They have been named as buys by analysts and are tipped to offer good dividend yields in the near term. Here's what you need to know about them:

BHP Group Ltd (ASX: BHP)

The team at Morgan Stanley thinks that BHP could be an ASX dividend share to buy this month.

It is of course one of the world's largest miners, with world class operations across Australia and the globe that generate significant free cash flow.

The mining giant is well-known as one of the more generous dividend payers on the Australian share market. The good news is that Morgan Stanley doesn't expect this to change. It believes the Big Australian will continue rewarding shareholders with attractive dividends in the near term.

It is forecasting the equivalent of fully franked dividends of $1.90 per share in FY 2026 and then $1.68 per share in FY 2027. Based on its current share price of $44.13, this would mean dividend yields of 4.3% and 3.8%, respectively.

Morgan Stanley has an overweight rating and $48.00 price target on its shares.

Sonic Healthcare Ltd (ASX: SHL)

Another ASX dividend share that could be a buy is Sonic Healthcare.

It is a leading pathology and diagnostic imaging provider that has operations across Australia, Europe, and the United States.

Bell Potter thinks it could be a great option for income investors. Especially given its belief that the company's performance is about to improve meaningfully. The broker highlights that this is expected to be "driven by right sizing the business, the impact of acquisitions in FY24 and normalising organic operations post COVID."

As for payouts, Bell Potter is expecting Sonic Healthcare to pay dividends per share of $1.09 in FY 2026 and then $1.11 in FY 2027. Based on its current share price of $21.38, this represents dividend yields of 5.1% and 5.2%, respectively.

Bell Potter has a buy rating and $33.30 price target on its shares.

Transurban Group (ASX: TCL)

The team at Citi thinks that Transurban could be an ASX dividend share to buy.

It is toll road giant with assets across Sydney, Melbourne, Brisbane, and North America. This includes CityLink in Melbourne and the Cross City Tunnel in Sydney.

The broker is feeling positive about the company's growth outlook and expects this to underpin attractive dividends. It is forecasting dividends per share of 69.5 cents in FY 2026 and then 73.7 cents in FY 2027. Based on its current share price of $14.96, this would mean dividend yields of 4.6% and 4.9%, respectively.

The broker has a buy rating and $16.10 price target on its shares.

Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has recommended BHP Group and Sonic Healthcare. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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