Brokers are recommending these ASX dividend shares to clients

Let's see which shares analysts are bullish on this month.

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Key points

  • Harvey Norman's unique retail and property mix offers income investors stability and potential, with projected fully franked dividend yields of 4.2% and 4.8% for the coming fiscal years.
  • HomeCo Daily Needs REIT focuses on robust, economy-resistant assets, delivering attractive dividend yields above 6% due to its stable tenant base and strategic portfolio.
  • IPH Ltd provides lucrative dividend yields around 10%, standing out with its global leadership in intellectual property services, making it an appealing pick for income-focused investors.

Are you on the hunt for some new additions to your income portfolio?

If you are, then it could be worth checking out the three ASX dividend shares listed below.

That's because analysts have recently named them as buys and are expecting some attractive dividend yields from them in the near term. Here's what they are recommending to clients:

Harvey Norman Holdings (ASX: HVN)

The first ASX dividend share that could be a buy is Harvey Norman. It is of course a household name in furniture, electronics, and appliance retail.

And while retail is a cyclical sector, Harvey Norman is quite different to its peers. It sets itself apart with its strong property portfolio, which provides both stability and an additional layer of asset backing for shareholders.

Bell Potter is bullish on the retail giant and thinks it could be a top option for income investors. It is forecasting fully franked dividends of 30.9 cents per share in FY 2026 and then 35.3 cents per share in FY 2027. Based on its current share price of $7.40, this would mean dividend yields of 4.2% and 4.8%, respectively.

The broker currently has a buy rating and $8.30 price target on the company's shares.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend share that could be a top buy for income investors is the HomeCo Daily Needs REIT.

It is a real estate investment trust (REIT) that focuses on convenience-based retail centres such as supermarkets, pharmacies, medical clinics, and pet stores. These are assets with stable tenants and long leases.

With a portfolio designed to weather economic cycles, this property company has been able to reward its shareholders with big dividends in the past.

The good news is that the team at UBS expects this to continue in the near term. It is forecasting dividends of 8.6 cents per share in FY 2026 and then 8.7 cents per share in FY 2027. Based on its current share price of $1.37, this would mean dividend yields of 6.3% and 6.35%, respectively.

UBS currently has a buy rating and $1.53 price target on its shares.

IPH Ltd (ASX: IPH)

Morgans thinks that IPH could be an ASX dividend share to buy in October.

It is one of the world's leading intellectual property services providers, assisting businesses of all sizes across the globe with patents, trademarks, and legal protection.

Morgans believes the company is positioned to pay fully franked dividends of approximately 37 cents per share in FY 2026 and FY 2027. Based on the current IPH share price of $3.60, this will mean dividend yields of approximately 10%.

Morgans has a buy rating and $6.05 price target on its shares.

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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Harvey Norman. The Motley Fool Australia has recommended HomeCo Daily Needs REIT and IPH Ltd. 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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