Why these ASX dividend shares could be top picks for income investors in February

Here are four dividend shares for income investors to consider.

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If you are looking for some ASX dividend shares for your income portfolio, then it could be worth considering the four named below.

Here's why they could be top options for income investors in February:

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Harvey Norman Holdings Ltd (ASX: HVN)

The first ASX dividend share worth considering is retail giant Harvey Norman.

Unlike many discretionary retailers, Harvey Norman has entered FY 2026 with solid momentum. In its most recent trading update, the company reported continued strong aggregated sales growth of 9.1% across its global store network.

This strength reflects Harvey Norman's diversified footprint across Australia and international markets, as well as its exposure to categories such as furniture, bedding, and technology that can benefit from housing activity and replacement cycles. This bodes well for dividends in FY 2026.

Rural Funds Group (ASX: RFF)

Rural Funds Group offers a different source of income.

This ASX dividend share owns agricultural assets such as farms and vineyards that are leased to operators under long-term agreements. This creates relatively predictable rental income, often with built-in escalation clauses.

For income investors, Rural Funds provides exposure to real assets that are less tied to day-to-day consumer sentiment. While agriculture has its own risks, long lease terms help support steady distributions over time.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share that could be a buy for income investors is Super Retail.

The owner of brands such as Supercheap Auto and Rebel has seen earnings pressure as consumer spending has softened. However, these brands remain well established, and parts of the business benefit from non-discretionary demand, particularly in automotive.

If trading conditions normalise, Super Retail Group has the operating leverage to lift profits and dividends from current levels. This could make it a good option for patient income investors.

Universal Store Holdings Ltd (ASX: UNI)

A final ASX dividend share to consider buying this month is Universal Store.

It is the youth fashion retailer behind the Universal Store, Perfect Stranger, and Thrills brands.

Despite operating in a challenging retail environment, Universal Store has continued to generate strong sales, profits, and cash flows. Its multi-brand strategy, growing private-label offering, and store network expansion give it significant growth potential over the next decade.

Its dividends may not grow smoothly every year, but the company has shown a willingness to return capital to shareholders when conditions allow. For investors comfortable with retail exposure, Universal Store offers a combination of income and growth potential.

Motley Fool contributor James Mickleboro has positions in Universal Store. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Super Retail Group. The Motley Fool Australia has positions in and has recommended Harvey Norman, Rural Funds Group, and Super Retail Group. The Motley Fool Australia has recommended 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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