Where to invest $2,000 in ASX dividend shares

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

| More on:
Happy man holding Australian dollar notes, representing dividends.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

More on Dividend Investing

Two plants grow in jars filled with coins.
Dividend Investing

These US stocks are growing their dividends like crazy

Most ASX shares can't match these income titans.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

A perfect passive income stock: 0.48% payout each month

If you like monthly dividends, you'll love this ETF.

Read more »

Beautiful young couple enjoying in shopping, symbolising passive income.
Dividend Investing

Forget term deposits and buy these ASX dividend shares

Analysts are feeling positive about these income options.

Read more »

A trendy woman wearing sunglasses splashes cash notes from her hands.
Dividend Investing

These 2 ASX dividend shares are great buys right now

These businesses now offer very appealing dividend yields…

Read more »

Three people skydiving.
Dividend Investing

1 ASX dividend stock down 77% I'd buy right now

I believe this business is significantly undervalued…

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

These high-yield ASX dividend shares could rise 13% to 50%

Big returns could be on offer with these dividend shares according to analysts.

Read more »

Person handling Australian dollar notes, symbolising dividends.
Dividend Investing

3 US dividend stocks that can boost an ASX retirement portfolio

One stock has increased its dividend 69 years in a row.

Read more »

Smiling woman with her head and arm on a desk holding $100 notes out, symbolising dividends.
Dividend Investing

How to make yearly passive income of $70,000 from ASX shares

This simple method could lead to pleasing long-term wealth and cash flow.

Read more »