3 high-yield ASX dividend shares that smash term deposits

Bell Potter thinks these shares could be great options for income investors.

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Fortunately for income investors, the Australian share market is filled to the brim with dividend shares.

But which ones could be buys today?

Let's take a look at three that analysts at Bell Potter are currently recommending as buys to their clients. They are as follows:

Centuria Industrial REIT (ASX: CIP)

The team at Bell Potter thinks that Centuria Industrial REIT could be a top ASX dividend share to buy right now.

It is an industrial property company that owns a portfolio of high-quality industrial assets that is situated in urban infill locations throughout Australia and is underpinned by a quality and diverse tenant base.

Bell Potter believes the company is positioned to pay dividends per share of 16.8 cents in FY 2026 and then 17.3 cents in FY 2027. Based on its current share price of $3.24, this would mean dividend yields of 5.2% and 5.3%, respectively.

The broker has a buy rating and $3.75 price target on its shares.

Sonic Healthcare Ltd (ASX: SHL)

Another ASX dividend share that Bell Potter is tipping as a buy is Sonic Healthcare.

It is a leading pathology and diagnostic imaging provider with operations across Australia, Europe, and the United States.

Bell Potter thinks it could be a great option given its belief that the company's performance is about to improve meaningfully. It highlights that this is expected to be "driven by right sizing the business, the impact of acquisitions in FY24 and normalising organic operations post COVID."

As for income, Bell Potter is forecasting Sonic Healthcare to pay dividends per share of $1.09 in FY 2026 and then $1.11 in FY 2027. Based on its current share price of $22.73, this represents dividend yields of 4.8% and 4.9%, respectively.

Bell Potter currently has a buy rating and $33.30 price target on its shares.

Universal Store Holdings Ltd (ASX: UNI)

A third ASX dividend share that could be a top option for income investors is Universal Store.

It is the youth fashion retailer behind the eponymous Universal Store brand, as well as Thrills and Perfect Stranger.

Bell Potter has been pleased with the company's performance in a tough consumer environment and believes the positive form can continue.

It expects this to underpin fully franked dividends of 37.3 cents per share in FY 2026 and 41.4 cents per share in FY 2027. Based on its current share price of $8.17, this equates to dividend yields of 4.55% and 5.1%, respectively.

Bell Potter has a buy rating and $10.50 price target on its shares.

Motley Fool contributor James Mickleboro has positions in Universal Store. 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 Sonic Healthcare and Universal Store. 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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