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

Analysts are recommending these shares to income investors this month.

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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.

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