These excellent ASX dividend shares offer 4% to 6.7% yields

Analysts think these shares are buys for income investors.

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Are you hunting for some ASX dividend shares to buy for your income portfolio in February?

If you are, then read on because listed below are three that brokers currently rate as top buys.

Here's what you need to know about them:

Man holding out Australian dollar notes, symbolising dividends.

Image source: Getty Images

HomeCo Daily Needs REIT (ASX: HDN)

The first ASX dividend share that has been tipped as a buy is HomeCo Daily Needs REIT.

It is a real estate investment trust that owns a diversified portfolio of convenience-based retail properties. This includes supermarkets, healthcare centres, and hardware stores. These are properties that tend to perform well regardless of economic conditions.

HomeCo Daily Needs REIT's geographically diverse national footprint is 86% metro-located and exposed to markets with above average population growth. It has no exposure to department stores and minimal exposure to discretionary retail and fashion. Its three largest shareholders are Coles Group Ltd (ASX: COL), Wesfarmers Ltd (ASX: WES), and Woolworths Group Ltd (ASX: WOW).

The team at UBS believes the company is positioned to pay dividends per share of 8.6 cents in FY 2026 and then 8.7 cents in FY 2027. Based on its current share price of $1.29, this would mean dividend yields of 6.7% and 6.75%, respectively.

UBS has a buy rating and $1.53 price target on its shares.

Sonic Healthcare Ltd (ASX: SHL)

Over at Bell Potter, its analysts have named Sonic Healthcare as an ASX dividend share to buy.

It is a medical diagnostics company that operates laboratories and collection centres across Australia, Europe, and the United States.

Bell Potter is positive on the company and believes it is positioned to return to consistent growth. It is expecting partially franked payouts of 109 cents per share in FY 2026 and then 111 cents per share in FY 2027. Based on its current share price of $22.79, this equates to dividend yields of 4.8% and 4.9%, respectively.

Bell Potter 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 buy is youth fashion retailer Universal Store.

Bell Potter is a fan of the company. It believes its growth can continue thanks to its multi-brand strategy across Universal Store, Thrills, and Perfect Stranger and growing private-label penetration.

The broker expects this to support fully franked dividends of 37.3 cents per share in FY 2026 and 41.4 cents per share in FY 2027. Based on the current share price of $8.60, this implies yields of 4.3% and 4.8%, 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 and Woolworths Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Wesfarmers. The Motley Fool Australia has positions in and has recommended Woolworths Group. The Motley Fool Australia has recommended HomeCo Daily Needs REIT, Sonic Healthcare, Universal Store, and Wesfarmers. 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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