Thankfully for passive income investors, there are plenty of ASX dividend shares out there to choose from.
To narrow things down, let's take a look at three shares that analysts are feeling bullish about and are tipping as buys. They are as follows:
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Accent Group Ltd (ASX: AX1)
The first ASX dividend share that could be a buy is Accent Group. It is the owners of well-known footwear chains like Platypus, Hype DC, and The Athlete's Foot. It also has exclusive distribution rights for major global brands.
While trading conditions have been tough in recent quarters, analysts at Bell Potter believe it is worth sticking with the company. Particularly given how falling interest rates are expected to boost consumer spending. In addition, the rollout of the Sport Direct brand in Australia could be a key driver of growth over the next decade.
For now, Bell Potter is forecasting fully franked dividends of 7.8 cents per share in FY 2026 and then 9.2 cents per share in FY 2027. Based on its current share price of $1.29, this would mean dividend yields of 6% and 7.1%, respectively.
Bell Potter has a buy rating and $1.80 price target on its shares.
Coles Group Ltd (ASX: COL)
Another ASX dividend share that gets the thumbs up from analysts is supermarket giant Coles.
It is a popular option for income investors due to its defensive earnings and positive growth outlook. The latter is being underpinned by population growth and its focus on efficiency and automation in its supply chain.
Macquarie is a fan of the company and is forecasting fully franked dividends of 77 cents per share in FY 2026 and then 84 cents per share in FY 2027. Based on its current share price of $22.82, this would mean dividend yields of 3.4% and 3.7%, respectively.
The broker has an outperform rating and $25.40 price target on its shares.
Telstra Group Ltd (ASX: TLS)
A final ASX dividend share for income investors to buy could be Telstra. It is the undisputed leader in Australia's telecommunications industry, with millions of mobile and broadband customers.
This means that its revenues are highly recurring. And with demand for connectivity growing year after year, it appears well-placed for steady long term growth.
Macquarie expects this to be the case. It is forecasting fully franked dividends of 20 cents per share in FY 2026 and then 21 cents per share in FY 2027. Based on its current share price of $4.92, this would mean dividend yields of 4.1% and 4.25%, respectively.
The broker has an outperform rating and $5.04 price target on its shares.
