Buy these ASX dividend shares for 4% to 7% yields

Analysts are recommending these shares to income investors this month.

| More on:
Man holding out Australian dollar notes, symbolising 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

  • Accent Group, known for its leading brands and strategic expansion, has been recommended by Bell Potter with a buy rating, offering attractive dividend yields projected at 6.6% and 7.8% for FY 2026 and FY 2027, respectively.
  • National Storage REIT, as the largest self-storage provider in the region, is favoured by UBS for its resilience and promising dividends, with yields estimated at 5.3% for both FY 2026 and FY 2027.
  • Transurban Group, with its extensive toll road operations, is supported by Citi’s buy recommendation, expecting dividend growth to yield 4.6% in FY 2026 and 4.9% in FY 2027.

Fortunately for income investors, the Australian share market is home to a plethora of ASX dividend shares.

But which ones could be buys right now? Let's take a look at three that brokers are recommending to clients:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that could be a buy is Accent Group. It is an Australian footwear retailer that owns popular brands such as HypeDC, Platypus, and The Athlete's Foot.

Bell Potter remains positive on the company. It highlights its market leadership, strategic growth initiatives, the ongoing expansion into apparel, and the rollout of the Sports Direct brand across Australia as reasons to buy.

It expects this to support the payout of fully franked dividends of 7.8 cents per share in FY 2026 and 9.2 cents per share in FY 2026. Based on the latest share price of $1.18, this equates to attractive dividend yields of 6.6% and 7.8%, respectively.

Bell Potter has a buy rating and $1.80 price target on its shares.

National Storage REIT (ASX: NSR)

National Storage could be another ASX dividend share to buy according to brokers.

It is the largest self-storage provider in Australia and New Zealand with over 250 locations providing tailored storage solutions to almost 100,000 residential and commercial customers.

UBS is recommending the company to clients. This is due partly to its resilience and attractive valuation. In addition, it is expecting some good dividend yields in the near term.

The broker is forecasting payouts of 12 cents per share in FY 2026 and FY 2027.  Based on its current share price of $2.27, this would mean dividend yields of 5.3% for both years.

UBS has a buy rating and $2.57 price target on its shares.

Transurban Group (ASX: TCL)

Finally, Transurban could be an ASX dividend share to buy.

It operates a network of toll roads across Sydney, Melbourne, Brisbane, and North America. This includes CityLink in Melbourne, the Cross City Tunnel in Sydney, and Clem7 in Brisbane.

The team at Citi is positive on the company and believes it is positioned to increase its dividends to 69.5 cents per share in FY 2026 and then 73.7 cents per share in FY 2027. Based on its current share price of $15.06, this would mean dividend yields of 4.6% and 4.9%, respectively.

Citi currently has a buy rating and $16.10 price target on the ASX dividend share.

Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor James Mickleboro has positions in Accent Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has positions in and has recommended Transurban Group. The Motley Fool Australia has recommended Accent Group. 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

The sea's vastness is rivalled only by the refreshing feel of the drinks two friends share as they saunter along its edge, symbolising passive income.
Personal Finance

Don't want to rely on your wage? Build a second income with these ASX shares

Aussies can improve financial security by using ASX shares to generate passive income.

Read more »

$50 dollar notes jammed in the fuel filler of a car.
Dividend Investing

Santos, Beach Energy, or Woodside shares. Which ASX energy share paid the most passive income in 2025?

Just how much passive income did ASX energy shares like Woodside pay out in 2025?

Read more »

Model house with coins and a piggy bank.
Dividend Investing

2 ASX dividend stocks thst should be in every income portfolio

I think these shares offer reliable income for 2026 and beyond.

Read more »

Australian dollar notes in the pocket of a man's jeans, symbolising dividends.
Dividend Investing

Fortescue, Rio Tinto or BHP shares? Guess which ASX mining stock paid the most passive income in 2025

Just how much passive income did the big ASX mining stocks like BHP pay out in 2025?

Read more »

Man open mouthed looking shocked while holding betting slip
Dividend Investing

1 magnificent Australian dividend stock down 15% to buy and hold forever

Lotteries are a proven cash cow.

Read more »

woman in white shirt splashing money in the air
Dividend Investing

Own IVV or IOO ETFs? It's dividend payday for you!

Investors holding iShares ETFs comprised of international shares will receive their dividends today.

Read more »

A large clear wine glass on the left of the image filled with fifty dollar notes on a timber table with a wine cellar or cabinet with bottles in the background.
Dividend Investing

Which of the big 4 ASX 200 bank stocks paid the most passive income in 2025?

Just how much passive income did the ASX 200 banks like CBA pay in 2025?

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Buy 2,000 shares of this top ASX dividend stock for $860 in passive income

This buy-rated stock offers an attractive yield and major upside according to Macquarie.

Read more »