With $5,000 to invest, three ASX dividend shares worth considering today are beaten-down Sonic Healthcare Ltd (ASX: SHL), Super Retail Group Ltd (ASX: SUL), and Harvey Norman Holdings Ltd (ASX: HVN).
But for long-term investors, pullbacks can also create opportunities to lock in attractive dividend yields.
These ASX dividend shares offer a combination of income potential and established businesses.
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Sonic Healthcare
This ASX dividend share is one of the world's largest medical diagnostics providers, operating laboratories and pathology services across Australia, Europe, and North America. The company's scale and global footprint are major strengths.
Another positive is the long-term demand outlook. Healthcare testing and diagnostics are essential services, and aging populations across developed markets should support steady demand for Sonic's services over time.
However, there are risks investors should keep in mind. Healthcare shares are exposed to government funding changes and regulatory shifts, which can affect margins. Rising wages in the healthcare sector are also a challenge for pathology operators.
Macquarie has recently assigned the ASX dividend share an outperform rating with a $27.50 price target. This points to a 25% upside over 12 months.
For income investors, the broker expects the company to pay partially franked dividends of 104 cents per share in FY2026 and 100 cents per share in FY2027.
At the current share price of $21.97, this equates to dividend yields of approximately 4.7% for FY2026 and 4.55% for FY2027.
Super Retail Group
The ASX dividend share is the retailer behind well-known brands including Supercheap Auto, Rebel, BCF, and Macpac.
A key strength of the business is its brand diversification. By operating across multiple retail categories, Super Retail reduces reliance on any single segment of consumer spending. The group also generates strong operating cash flow, which supports dividends and store expansion.
The main risk for the ASX dividend share is its exposure to consumer spending cycles. If economic conditions weaken or household budgets tighten, sales across discretionary retail categories can fall. Retail competition and promotional activity can also weigh on margins.
Even so, this ASX dividend share is known for generous shareholder returns. The company currently pays about 96 cents per share annually in dividends, offering a yield of roughly 6.5%, with payments typically made twice a year.
Most analysts rate the dividend stock a buy. They have set the average 12-month price target at $16.66, implying a 13% upside. This could bring the year's total earnings to 19.5%.
Harvey Norman Holdings
Harvey Norman is one of Australia's most recognisable retailers, selling electronics, furniture, bedding, and appliances through a large franchise network. One of the company's biggest strengths is its property portfolio, as many stores sit on land owned by the group.
This property ownership helps underpin the balance sheet and can provide an additional source of value beyond the retail operations. Harvey Norman also generates strong cash flow from its franchise model, which supports shareholder distributions.
However, the ASX dividend share is still exposed to the consumer cycle. Sales of big-ticket household goods can slow when interest rates are high or when housing markets weaken. Competition from online retailers is another ongoing challenge.
Macquarie remains positive on the ASX dividend share. 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 retail stock. This points to a 23% upside at current price levels.
