Analysts expect 4% to 6% dividend yields from these ASX stocks

Good yields are expected from these names in the near term.

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Key points
  • Flight Centre is seen as a strong buy by Morgans, with potential for accelerated earnings growth and significant share price appreciation once market conditions improve.
  • Rural Funds Group is trading at a substantial discount to its net asset value, and Bell Potter believes its stable asset base and long leases make for a solid dividend investment.
  • Both stocks are recommended for income-oriented investors, offering attractive yields in 2026 and 2027, with broker targets suggesting considerable upside potential for each.

Do you have room for some new additions to your income portfolio in December?

If you do, then it could be worth considering the two ASX dividend stocks in this article that brokers rate as buys. Here's what they are recommending as buys:

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Flight Centre Travel Group Ltd (ASX: FLT)

Analysts at Morgans think that Flight Centre could be an ASX dividend stock to buy in December.

The broker believes that it is worth holding the travel agent's shares through the current period because when the tide turns, its earnings growth is expected to accelerate. Morgans believes this could put a rocket under its share price. 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.

With respect to income, Morgans is forecasting 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 $13.76, this would mean dividend yields of 3.7% and 4.2%, respectively.

The broker currently has a buy rating and $15.65 price target on its shares.

Rural Funds Group (ASX: RFF)

Over at Bell Potter, its analysts think that Rural Funds could be an ASX dividend stock to buy this month.

Rural Funds is an Australian agricultural property company with a total of 63 assets across five sectors

At the last count, it boasted a weighted average lease expiry of 13.9 years, which gives it significant visibility on its future earnings and distributions.

Despite this, Bell Potter notes that its shares are trading at a significant discount to net asset value. It said:

Our Buy rating is unchanged. The -~35% discount to market NAV remain higher than average (~6% premium since listing) and likely reflects the proportion of assets that are underearning as operating farms. With a continued improvement in most counterparty profitability indicators in recent months (i.e. cattle, almond and macadamia nut prices), resilience in farming asset values and the progress made in creating headroom in funding lines to complete the macadamia development we see this as excessive.

Bell Potter believes the company is positioned to pay dividends per share of 11.7 cents in both FY 2026 and FY 2027. Based on its current share price of $1.97, this would mean dividend yields of almost 6% for both years.

The broker has a buy rating and $2.45 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 positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended Flight Centre Travel 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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