Fortunately for income investors in this low interest rate environment, there are many options for them on the Australian share market.
Two ASX dividend shares that brokers think are in the buy zone right now are listed below. Here's what they are recommending to clients:
Flight Centre Travel Group Ltd (ASX: FLT)
Flight Centre could be an ASX dividend share to buy this month.
That's the view of analysts at Morgans, who believe that it is worth holding very tightly to this travel agent's shares.
The broker believes that when trading conditions return to normal, the upside could be significant for investors. It said:
FLT's FY25 result was broadly in line with its recent update. Corporate was weaker than expected while Leisure and Other were stronger. FLT's guidance for a flat 1H26 was stronger than we expected however it was weaker than consensus. Earnings growth is expected to accelerate in the 2H26 from an improvement in macro-economic conditions and internal business improvement initiatives. We have made minor upgrades to our forecasts.
We are buyers of FLT during this period of short-term uncertainty and share price weakness because when operating conditions ultimately improve, both its earnings and share price leverage to the upside will be material.
As for income, Morgans is expecting fully franked dividends of 51 cents per share in FY 2026 and then 58 cents per share in FY 2027. Based on the current Flight Centre share price of $12.71, this would mean dividend yields of 4% and 4.6%, respectively.
The broker has a buy rating and $15.65 price target on its shares.
GDI Property Group Ltd (ASX: GDI)
Another ASX dividend share that has been given the thumbs up by analysts is GDI Property Group. It is an integrated, internally managed commercial property investor.
Bell Potter is positive on the company and highlights the massive discount that its shares are trading on at present. The broker explains:
No change to our Buy recommendation. GDI continues to trade at a significant -41% discount to NTA which reflects no value for its FM OpCo, and while the Perth office market recovery could be a 'slow burn' with early leasing wins working through for GDI, we do still see upside from current levels which drops straight through to FFO gains
In respect to dividends, the broker is forecasting payouts of 5 cents per share in both FY 2026 and FY 2027. Based on its current share price of 65.5 cents, this would mean dividend yields of 7.6% for both years.
Bell Potter has a buy rating and 85 cents price target on its shares.
