Fortunately for income investors, there are a lot of ASX dividend shares to choose from on the local market.
To narrow things down, let's take a look at three that analysts are tipping as buys right now. They are as follows:
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Centuria Industrial REIT (ASX: CIP)
Centuria Industrial REIT is one of Australia's leading owners of industrial real estate. Its portfolio includes major distribution hubs that are leased to blue-chip tenants in e-commerce, manufacturing, and logistics.
While rising interest rates have pressured the broader property sector in recent times, Centuria Industrial REIT's long-term leases and stable rental income have provided resilience.
The good news is that analysts at UBS believe the company is now positioned for growth. It is forecasting dividends per share of 16.8 cents in FY 2026 and then 17.9 cents in FY 2027. Based on its current share price of $3.52, this equates to dividend yields of 4.8% and 5.1%, respectively.
UBS has a buy rating and $3.95 price target on its shares.
GQG Partners Inc. (ASX: GQG)
This US-based fund manager could be another ASX dividend share to buy.
GQG's business model is simple. It earns management and performance fees based on funds under management (FUM), which last stood at over US$167 billion. As it attracts new clients and inflows, the company's profitability scales quickly, allowing it to pay out a large portion of earnings to shareholders.
And while its performance has been underwhelming this year due to its aversion to the AI boom, management is confident that things will improve.
Macquarie thinks it is worth sticking with GQG, it recently put an outperform rating and $2.50 price target on its shares.
As for income, it is forecasting the equivalent of dividends per share of 22.6 cents per share in FY 2025 and then 22.9 cents per share in FY 2026. This represents dividend yields greater than 9% for both years.
Woolworths Group Ltd (ASX: WOW)
As one of Australia's most recognised and trusted companies, Woolworths has long been a cornerstone of income portfolios. Its defensive business model means cash flow remains steady even when the economy softens.
This ultimately allows it to pay regular, fully franked dividends to shareholders. Speaking of which, Bell Potter expects Woolworths to reward its shareholders with fully franked dividends of 91 cents per share in FY 2026 and then 100 cents per share in FY 2027. Based on its current share price of $28.04, this would mean dividend yields of 3.25% and 3.55%, respectively.
Bell Potter has a buy rating and $30.70 price target on Woolworths' shares.
