Are you looking to bolster your income portfolio with some new additions?
If you are, then it could be worth looking at the three ASX dividend shares in this article that brokers are bullish on.
Here's what they are recommending to clients:
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Cedar Woods Properties Ltd (ASX: CWP)
The first ASX dividend share that could be worth considering is Cedar Woods Properties.
The property developer focuses on residential communities and urban land subdivision projects across Australia. While the housing market can be cyclical, long-term demand remains supported by population growth and limited supply in key regions.
With development projects progressing and demand for housing remaining strong, the company could be well placed to continue generating earnings and supporting its dividend payments over time.
Bell Potter believes this will underpin fully franked dividends of 39 cents per share in FY 2026 and then 41 cents per share in FY 2027. Based on its current share price of $7.27, this would mean dividend yields of 5.35% and 5.6%, respectively.
The broker also sees plenty of upside for its shares with its buy rating and $10.20 price target.
Centuria Industrial REIT (ASX: CIP)
Another ASX dividend share that could appeal to income investors is Centuria Industrial REIT.
This REIT owns a portfolio of industrial and logistics assets, including warehouses and distribution centres. These properties are closely tied to supply chains and ecommerce activity, which has driven strong demand in recent years.
The trust benefits from long lease terms and a diversified tenant base, which provides visibility over future rental income.
With industrial property remaining a key part of the modern economy, Centuria Industrial REIT could continue to deliver steady income for investors.
UBS believes the company is well-placed to pay 17 cents per share dividends in both FY 2026 and FY 2027. Based on its current share price of $2.96, this would mean dividend yields of 5.75% in both years.
The broker has a buy rating and $3.40 price target on its shares.
Harvey Norman Holdings Ltd (ASX: HVN)
A final ASX dividend share that brokers rate as a buy is Harvey Norman.
It operates a retail and franchise model across furniture, electronics, and appliances, while also owning a significant property portfolio.
This combination provides multiple income streams, with both retail earnings and rental income supporting its financial performance.
Harvey Norman has a history of paying solid dividends, and while retail conditions can fluctuate, its strong brand and asset backing provide a level of resilience.
The team at Macquarie believes Harvey Norman is positioned to reward shareholders with fully franked payouts of 27.8 cents per share in FY 2026 and 31.2 cents per share in FY 2027. Based on its current share price of $4.97, this would mean dividend yields of 5.6% and 6.3%, respectively.
Macquarie has an outperform rating and $6.60 price target on its shares.
