The Australian share market traditionally provides Aussie investors with a 4% dividend yield.
While that is an attractive yield, you don't have to settle for it.
Not when there are analysts out there forecasting significantly greater yields from the three buy-rated ASX dividend shares listed below. Here's what they are recommending:
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APA Group (ASX: APA)
The first ASX dividend share that brokers are tipping as a buy is APA Group.
It owns and operates critical energy infrastructure across Australia, including gas pipelines, storage facilities, and power assets. These assets are typically long life and regulated or contracted, which helps provide steady and visible cash flows.
Macquarie currently has an outperform rating and $9.58 price target on its shares.
As for income, Macquarie is forecasting dividends of 58 cents per share in FY 2026 and then 59 cents per share in FY 2027. Based on its current share price of $9.18, that equates to very attractive dividend yields of 6.3% and 6.4%, respectively.
Charter Hall Retail REIT (ASX: CQR)
Another ASX dividend share that could be a buy in March is the Charter Hall Retail REIT.
It is a property trust that owns a diversified portfolio of convenience-based retail centres anchored by supermarkets, service stations, and essential services.
As shoppers continue to spend on groceries and everyday necessities regardless of economic conditions, these assets tend to be defensive.
Together with long lease terms and high-quality tenants, Charter Hall Retail has good visibility over future rental income. This supports consistent distributions to unitholders.
Macquarie is also a fan of the company and is expecting some big dividend yields in the near term.
The broker is forecasting dividends per share of 25.5 cents in FY 2026 and then 25.4 cents in FY 2027. Based on its current share price of $3.87, this would mean dividend yields of 6.6% and 6.55%, respectively.
Macquarie has an outperform rating and $4.15 price target on its shares.
Dexus Industria REIT (ASX: DXI)
A third ASX dividend share that brokers are positive on is Dexus Industria.
It focuses on industrial assets, including warehouses and logistics facilities, which continue to benefit from structural trends such as ecommerce and supply chain optimisation.
Bell Potter is positive about the company's outlook and recently put a buy rating and $3.00 price target on its shares.
As for income, the broker is forecasting dividends of 16.6 cents per share in FY 2026 and then 16.8 cents per share in FY 2027. Based on its current share price of $2.40, this would mean dividend yields of 6.9% and 7%, respectively.
