There are a lot of ASX dividend shares to choose from on the local share market.
But which ones could be buys in December? Let's take a look at three that brokers rate as buys:
Image source: Getty Images
Jumbo Interactive Ltd (ASX: JIN)
Analysts at Morgan Stanley thinks that Jumbo Interactive could be an ASX dividend share to buy this month.
It is an online lottery ticket seller and lottery platform provider. It is best known for the Oz Lotteries app and the Powered by Jumbo platform.
Morgan Stanley has been pleased with its positive start to the financial year and believes it is positioned to reward shareholders with fully franked dividends of 57.7 cents per share in FY 2026 and then 68.4 cents per share in FY 2027. Based on its current share price of $10.76, this would mean dividend yields of 5.4% and 6.4%, respectively.
The broker currently has an overweight rating and $16.80 price target on its shares.
Telstra Group Ltd (ASX: TLS)
Telstra is another ASX dividend share that analysts are tipping as a buy. As Australia's largest telecommunications provider, it benefits from nationwide mobile demand, essential network usage, and growing data consumption.
Telstra's fully franked dividend has been growing at a solid rate in recent years thanks to its successful T22 and T25 strategies. Looking ahead, this trend is likely to continue thanks to its new Connected Future 30 strategy which aims to double down on connectivity and radically innovate the core of its business.
Macquarie expects this to underpin fully franked dividends of 20 cents per share in FY 2026 and then 21 cents per share in FY 2027. Based on its current share price of $4.90, this would mean dividend yields of 4.1% and 4.3%, respectively.
The broker has an outperform rating and $5.04 price target on Telstra's shares.
Woolworths Group Ltd (ASX: WOW)
Defensive earnings, stable cash flow, and a dominant market position make Woolworths a favourite among income-focused investors.
Supermarkets tend to hold up in all economic conditions because people still need groceries regardless of interest rates, inflation, or consumer sentiment. This makes Woolworths' dividends highly dependable.
And while its performance has been disappointing this year, there are signs that it is now over the worst and ready to return to solid and sustainable growth.
Bell Potter expects the company to pay 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 $29.39, this would mean dividend yields of 3.1% and 3.4%, respectively.
The broker has a buy rating and $33.00 price target on Woolworths' shares.
