Income investors are spoilt for choice on the Australian share market.
But which ASX dividend stocks could be buys right now? Let's take a look at two that Bell Potter thinks are in the buy zone:
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GDI Property Group Ltd (ASX: GDI)
Bell Potter is a fan of GDI Property Group and is tipping it as an ASX dividend stock to buy.
GDI Property is an integrated, internally managed property and funds management group with capabilities in ownership, management, refurbishment, leasing, and syndication of office properties.
It aims to always hold a portfolio of office properties that have either been developed internally or purchased for below replacement cost and have additional upside potential through development, redevelopment, refurbishment and releasing.
Bell Potter highlights that GDI Property's shares are trading at a discount to their net tangible assets (NTA) and sees this as a buying opportunity. It said:
No change to our Buy recommendation. GDI continues to trade at a significant -41% discount to NTA which reflects no value for its FM OpCo, and while the Perth office market recovery could be a 'slow burn' with early leasing wins working through for GDI, we do still see upside from current levels which drops straight through to FFO gains.
With respect to income, the broker is forecasting dividends of 5 cents per share in both FY 2026 and FY 2027. Based on its current share price of 59 cents, this would mean dividend yields of 8.5% for both years.
Bell Potter has a buy rating and 85 cents price target on its shares.
Universal Store Holdings Ltd (ASX: UNI)
Bell Potter is also positive on Universal Store and believes it could be another ASX dividend stock for income investors to buy.
Universal Store is a leading youth focused apparel, footwear, and accessories retailer with almost 90 stores under its flagship Universal Store brand. In addition, it is expanding with stand-alone formats for its private label brands Perfect Stranger and Thrills.
Bell Potter thinks the market is undervaluing its shares and expects some attractive dividend yields in the near term. It said:
At ~18x FY26e P/E (BPe), we see UNI trading at a discount to the ASX300 peer group and see the multiple justified by the distinctive growth traits supporting consistent outperformance in a challenging category, longer term opportunity with three brands, organic gross margin expansion via private label product penetration (currently ~55%) and management execution.
Bell Potter is forecasting fully franked dividends of 37.3 cents per share in FY 2026 and then 41.4 cents per share in FY 2027. Based on its current share price of $8.23, this would mean dividend yields of 4.5% and 5%, respectively.
The broker currently has a buy rating and $10.50 price target on its shares.
