There are a lot of ASX dividend shares out there for income investors to choose from.
But two of the best could be in this article according to analysts at Bell Potter.
Here's what the broker is recommending to clients right now:
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Harvey Norman Holdings Ltd (ASX: HVN)
Harvey Norman could be an ASX dividend share to buy for income according to Bell Potter.
The retail giant has a well-known brand, a large store network, and exposure to furniture, electronics, appliances, bedding, and other household categories. It also has a major property portfolio, which gives the business an additional layer that many retailers do not have.
Trading conditions have not been easy for discretionary retailers. Higher interest rates, cost of living pressures, and weaker consumer confidence are weighing on spending.
Nevertheless, Bell Potter is positive on its outlook and believes it is still positioned to grow its dividend.
It is forecasting fully franked dividends of 29.8 cents per share in FY 2026 and 33.5 cents per share in FY 2027. Based on its current share price, this would mean dividend yields of 6.7% and 7.6%, respectively.
The broker has a buy rating and $6.70 price target on Harvey Norman's shares.
Rural Funds Group (ASX: RFF)
Rural Funds is another ASX dividend share that could be a top pick for income investors.
It owns a diversified portfolio of agricultural assets, including properties used for cattle, almonds, macadamias, vineyards, and cropping. These assets are leased to operators, giving Rural Funds a rental income stream rather than direct exposure to day-to-day farming operations.
This structure can make its earnings profile more predictable than many traditional agricultural businesses. Long leases, contracted rental income, and exposure to real assets are all features that may suit investors looking for income.
Another positive is that Rural Funds provides exposure to farmland, which is an asset class that can benefit from long-term demand for food, productive land, and agricultural infrastructure.
It is not without risk. Interest rates, asset valuations, seasonal conditions, and tenant performance can all influence sentiment toward the stock. But for investors comfortable with the agricultural property sector, Rural Funds offers something different from the usual bank, telco, and resources dividend names.
Bell Potter is forecasting dividends per share of 11.7 cents in both FY 2026 and FY 2027. Based on its current share price of $1.98, this would mean dividend yields of approximately 6%.
The broker currently has a buy rating and $2.50 price target on its shares.
