There are a lot of options for income investors on the Australian share market.
But which ASX dividend shares could be top buys in November? Let's see which shares analysts are recommending to clients for next month:
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Accent Group Ltd (ASX: AX1)
Accent Group has grown into one of Australia's top retail success stories.
The footwear and apparel specialist owns and operates well-known brands including The Athlete's Foot, Platypus Shoes, and Hype DC, as well as distributing global names like Vans and Dr. Martens. Thanks to its powerful brand portfolio, Accent enjoys strong pricing power and customer loyalty, helping it maintain healthy profit margins even in a tough retail environment.
Accent has been an impressive dividend payer in recent years, regularly returning a significant portion of its earnings to shareholders. This is expected to continue in the near future, with Bell Potter 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 $1.32, this would mean dividend yields of 5.9% and 7%, respectively.
Bell Potter also sees plenty of upside for its shares. It has a buy rating and $1.80 price target on them, which implies potential upside of 36% for investors over the next 12 months.
IPH Ltd (ASX: IPH)
Another ASX dividend share that could be a buy in November is IPH Ltd.
It is an intellectual property services company that helps clients protect and manage patents, trademarks, and IP assets across the Asia-Pacific region. Its business model is highly defensive, as companies continue to invest in innovation regardless of economic cycles.
IPH's strong cash generation has allowed it to pay attractive and growing fully franked dividends over the years.
The good news is that the team at Morgans is expecting some very big dividend yields in the near term. It has pencilled in fully franked dividends of 37 cents per share in both FY 2026 and FY 2027. Based on its current share price of $3.72, this would mean dividend yields of approximately 10% for both years.
In addition, as with Accent Group, the broker believes that there is major upside for its share price from current levels. Morgans has a buy rating and $6.05 price target on IPH Ltd's shares. This suggests that they could rise over 60% between now and this time next year, which stretches the total potential return beyond 70%.
