These 2 ASX dividend stocks may appeal to long-term income investors.
Harvey Norman Holdings Ltd (ASX: HVN) and Super Retail Group Ltd (ASX: SUL) operate well-known retail brands across Australia and overseas. Both ASX dividend stocks have also built reputations for returning consistent cash to shareholders.
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Harvey Norman: Retail and freehold property
Harvey Norman is one of Australia's most recognisable retail businesses. It sells electronics, furniture, bedding, and appliances through a network of franchised stores.
But this ASX dividend stock is not just a retailer. A key strength of the business is its significant property portfolio. Many of its stores are located on freehold land owned by the group.
This real estate portfolio has become an important source of value and income for the company. In recent years, it has also helped underpin profitability, alongside the core retail operations. In the first half-year results for 2026, Harvey Norman reported a 15% increase in net profit after tax to about $322 million as sales rose 7% to $5.16 billion.
Another attraction for income investors is the dividend track record of the ASX dividend stock. The payout ratio is around 58%, suggesting the dividend is reasonably supported by earnings.
Macquarie remains positive on the retailer. It believes the company is positioned to pay fully-franked dividends per share of 27.8 cents in FY 2026 and 31.2 cents in FY 2027. Based on its current share price of $5.46, this represents dividend yields of 5.1% and 5.7%, respectively.
The broker has a buy rating and $6.60 price target on the ASX dividend stock. This points to a 21% upside at current price levels.
Super Retail Group: Diverse retail brands
Super Retail Group is another well-known Australian retailer, operating brands such as Supercheap Auto, Rebel, BCF, and Macpac. These brands focus on automotive, sports, and outdoor recreation products, giving the company exposure to several popular consumer categories.
One of the company's biggest strengths is its diversified portfolio of retail brands. This helps spread risk across different consumer segments and has supported steady revenue growth.
The ASX dividend stock posted solid revenue growth, supported by resilient demand across auto and leisure categories and continued online traction. The group generates strong operating cash flow, which reached more than $400 million in the past year.
Super Retail Group is also known for its generous dividend policy. The company aims to pay out around 60% of the underlying net profit. The retailer pays shareholders twice a year and has built a reputation for consistent, largely fully-franked payouts.
In stronger years, the ASX dividend stock has also delivered special dividends. The current yield is attractive at 4.2% compared to the market.
Most analysts rate the ASX dividend stock a buy. They have set the average 12-month price target at $16.66, implying an 8% upside. This could bring total earnings for the year to 12%.
