These ASX dividend stocks offer 7% to 10% yields

Analysts think income investors could be low rates with these buy-rated stocks.

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Key points

  • The Dexus Convenience Retail REIT provides dependable income through its nationwide portfolio of service stations, offering stability thanks to long-term, inflation-linked leases with quality tenants.
  • IPH Ltd, a leader in intellectual property services, presents an appealing dividend prospect, with high yields forecasted despite recent performance challenges, backed by steady demand in its niche market.
  • Both stocks are currently rated as buys by brokers, promising robust income potential amidst declining interest rates and offering a solid alternative for income-focused investors.

Interest rate cuts may be putting pressure on savers this year, but that doesn't mean income investors are out of options.

In fact, the Australian share market remains one of the most reliable hunting grounds for attractive yields.

If you're searching for strong dividend opportunities to help offset falling deposit rates, analysts have highlighted several ASX dividend stocks offering appealing income potential over the next couple of years.

Here are two names that brokers currently rate as buys, along with the dividend yields they are forecasting.

Dexus Convenience Retail REIT (ASX: DXC)

For investors seeking stable, property-backed income, the Dexus Convenience Retail REIT could be a standout option.

This REIT owns a nationwide portfolio of service stations and convenience retail sites, leased to high-quality tenants on long-term, inflation-linked agreements. These leases provide reliable, predictable cashflows, exactly what income investors typically look for.

The assets in the portfolio are generally considered resilient, with demand for fuel, convenience goods, and essential services remaining steady through economic cycles. Annual rental increases further support income growth and help safeguard distributions over time.

Bell Potter is bullish on the company and has a buy rating and $3.45 price target on its shares.

As for income, it expects dividends of 20.9 cents per share in FY 2026 and then 21.6 cents per share in FY 2027. Based on its current share price of $2.86, this would mean dividend yields of 7.3% and 7.6%, respectively.

IPH Ltd (ASX: IPH)

Global intellectual property specialist IPH is another ASX dividend stock that analysts rate as buys this month.

The company operates several well-known intellectual property services firms across Australia, New Zealand, Canada, and Asia, including AJ Park, Smart & Biggar, and Spruson & Ferguson. This positions IPH in a niche professional services market with steady demand and high client retention.

And while its performance has been underwhelming in the past couple of years, the team at Morgans remains positive. It has also described its valuation as "undemanding" and is forecasting some very big dividend yields in the near term.

The broker is expecting IPH to pay fully franked dividends of 37 cents per share in both FY 2026 and FY 2027. Based on its latest share price of $3.60, this equates to dividend yields over 10% for both years.

Morgans currently 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 recommended 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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