If you are looking for income options outside the big four banks, then it could be worth checking out the ASX dividend stocks in this article.
They have been named as top buys by analysts at Bell Potter and are forecast to offer attractive dividend yields in the near term.
Here's what the broker is recommending to clients:
Image source: Getty Images
Nickel Industries Ltd (ASX: NIC)
The nickel producer could be an overlooked ASX dividend stock to buy according to the broker.
The broker believes the company is positioned to deliver a major free cash flow uplift in the near term, which it expects to support big dividends. It said:
NIC is the only material ASX way to gain exposure to the nickel price, has a growth story, and is diversifying earnings to span Type 1 and Type 2 nickel. NIC continues to generate positive cash flows in a tough nickel market and is set to deliver major growth milestones in CY25 across its highest margin nickel operations. All up, given the forecast high production growth and potential for a very large free cash flow uplift in the next 2 years or so, NIC presents a compelling story and appears cheap at current valuation.
Bell Potter is forecasting dividends of 10 cents per share in FY 2027 and then 12 cents per share in FY 2028. Based on its current share price of $1.02, this would mean dividend yields of almost 10% and 12%, respectively.
The broker has a buy rating and $1.45 price target on its shares.
Praemium Ltd (ASX: PPS)
This investment platform provider has been given the thumbs up by Bell Potter.
It thinks this ASX dividend stock is undervalued compared to peers. It said:
While Praemium has demonstrated commercial momentum, strong growth capacity, and a leading technology offering, its valuation continues to lag key peers. This stock looks very attractive at a 12MF PE of ~14x, and we expect the market to catch on as the company executes on further market share gains and FUA growth.
Bell Potter is forecasting Praemium to pay fully franked dividends per share of 2.7 cents in FY 2026 and then 3.4 cents in FY 2027. Based on its current share price of 69.5 cents, this would mean dividend yields of 3.9% and 4.9%, respectively.
The broker has a buy rating and $1.20 price target on its shares.
