Fortunately for income investors, there are plenty of ASX dividend shares out there to choose from.
To narrow things down, let's now take a look at two that analysts are currently recommending to clients. Here's what you need to know:
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Flight Centre Travel Group Ltd (ASX: FLT)
The team at Morgans thinks that travel agent giant Flight Centre could be an ASX dividend share to buy.
It thinks investors should stick with the company during a period of short-term uncertainty, because when operating conditions finally improve, it is expecting Flight Centre's earnings to rebound strongly. The broker explains:
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 payouts, Morgans is forecasting fully franked dividends of 52 cents per share in FY 2026 and then 61 cents per share in FY 2027. Based on the current Flight Centre share price of $13.89, this would mean dividend yields of 3.75% and 4.4%, respectively.
The broker currently has a buy rating and $18.38 price target on its shares.
Harvey Norman Holdings Ltd (ASX: HVN)
Over at Bell Potter, its analysts think that Harvey Norman could be an ASX dividend share to buy.
It is one of Australia's leading retailers, operating the Harvey Norman, Domayne, and Joyce Mayne brands.
Although its shares have risen strongly since this time last year, Bell Potter believes they are still good value. It commented:
Despite the strong re-rate in the name, HVN trades at ~2.0x market capitalisation to freehold property value as Australia's single largest owner in large format retail with a global portfolio surpassing $4.5b and collectively owning ~40% of their stores (franchised in Australia and company operated offshore). This sees our view that of the 1-year forward ~19x P/E multiple as justified considering the multiple catalysts near/mid-term.
As for income, the broker is expecting fully franked dividends of 30.9 cents per share in FY 2026 and then 35.3 cents per share in FY 2027. Based on its current share price of $6.34, this would mean dividend yields of 4.9% and 5.6%, respectively.
Bell Potter has a buy rating and $8.30 price target on its shares.
