If you are looking for the top ASX dividend shares to buy, then read on.
That's because the two listed below have just been named as buys by the team at Bell Potter. Here's what the broker is saying about them:
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DigiCo Infrastructure REIT (ASX: DGT)
The first ASX dividend share that Bell Potter is tipping as a buy this month is the DigiCo Infrastructure REIT.
It is a data centre focused property company with a focus on the Australian and US markets.
Bell Potter was pleased with the announcement of an asset sale last week, which has strengthened its balance sheet. It said:
Today's announcement is a clear positive for DGT in removing balance sheet overhang given the substantial level of debt on foot, risk from increasing marginal cost of debt, and ability to fund its SYD1 development expansion which is its best use of capital given company-stated 15% incremental yield on cost.
Subject to completion, and LAX asset disposals (US$71m book value) which are a drag on the balance sheet (non yielding), the pay down of debt, and usage into SYD1 improves the forward earnings profile which could see upside given the lack of Aus market supply short term.
In the meantime, Bell Potter expects dividends of 12 cents per share in FY 2026 and then 20 cents per share in FY 2027. Based on its current share price of $2.77, this would mean dividend yields of 4.3% and 7.2%, respectively.
The broker has a buy rating and $3.40 price target on its shares, which implies potential upside of 22%.
Universal Store Holdings Ltd (ASX: UNI)
Another ASX dividend share that Bell Potter is tipping as a buy is Universal Store.
It is a leading youth focused fashion retailer operating the Universal Store, Perfect Stranger, and Thrills brands.
Bell Potter thinks the company's shares are undervalued, which has created a buying opportunity for income investors. It said:
At 13x FY27e P/E (BPe), we see an entry opportunity to a high-quality retailer as we remain optimistic on UNI's performance in 4Q26 given supportive comps and look forward to FY27e in delivering continued execution driven market share expansion across retail banners. In line with selective consumption trends across the broader sector, we retain our views of the youth customer prioritising on-trend streetwear and expect UNI to benefit with their leading position. Maintain BUY.
As for income, Bell Potter is forecasting fully franked dividends of 36.9 cents per share in FY 2026 and then 39.3 cents per share in FY 2027. Based on its current share price of $6.99, this would mean dividend yields of 5.3% and 5.6%, respectively.
Bell Potter has a buy rating and $9.30 price target on its shares. This implies potential upside of 33% for investors.
