There are a lot of ASX dividend shares out there for income investors to choose from.
To narrow things down, let's look at three that Bell Potter has just named as buys. Here's what it is recommending:
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CAR Group Limited (ASX: CAR)
Bell Potter thinks this auto listings company's shares are in the buy zone with a price target of $34.60.
It was pleased with its performance in FY 2026 and believes it supports its bullish view on the stock. The broker explains:
CAR's result and outlook reinforces our thesis of a preferred risk-adjusted earnings profile due to a geographically diversified network of auto and non-auto classifieds platforms, which generate cash flows to support growth investment and shareholder returns simultaneously. CAR is proactively implementing AI solutions across its platforms and geographies on top of a technical eco-system integrated into Dealer management workflows, network effect and unique data sets
As for income, Bell Potter is forecasting partially franked dividend yields of 3.2% in FY 2027 and then 3.6% in FY 2028.
Dexus Convenience Retail REIT (ASX: DXC)
The broker remains positive on this REIT following its FY 2026 results. In response, it has retained its buy rating and $3.15 price target.
Bell Potter thinks that FY 2027 will be the bottom for the company and that it is onwards and upwards from there. But in the meantime, it still expects some very big dividend yields. The broker explains:
We believe FY27 FFO guidance of 20.4c marks a trough, with the -2.3% decline reflecting rising debt costs, not softening fundamentals. Growth should resume in FY28 as rate headwinds fade and rent reviews/development upside/buyback accretion flow through, supported by balance sheet capacity. The shift toward nonfuel/QSR improves diversity of income. We see DXC as undervalued, trading at a 30% discount to NTA and 7.8% yield vs 5.9% sector avg.
As mentioned above, Bell Potter expects dividend yields of 7.8% in both FY 2027 and FY 2028.
Nick Scali Limited (ASX: NCK)
Bell Potter was reasonably pleased with this furniture retailer's FY 2026 results, noting that its profit was in line with expectations thanks to strong gross margins and better than expected profitability in the UK.
This saw the broker retain its buy rating on the ASX dividend share with a trimmed price target of $21.00. It commented:
Our TP decreases by 5% to $21.00 driven by mid-term earnings revisions however with some offset from our long-term UK profitability expectations and time creep. Our target P/E multiple remains unchanged at 23x on a FY27e basis. With a cautiously optimistic view on the broader Consumer Discretionary sector and looking through to CY27 opportunities, we see NCK's gross margins better placed vs our coverage in a potential downside than expected in our revenue assumptions. We view NCK among the highest quality retailers in our coverage and UK offering sufficient growth levers.
With respect to income, Bell Potter is forecasting fully franked dividend yields of 4.5% in FY 2027 and then 4.9% in FY 2028.
