Fortunately for income investors, there are lots of ASX dividend shares to choose from on the local bourse.
To narrow things down, let's take a closer look at one dividend share that analysts at Bell Potter think could be among the best to buy now.
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Which ASX dividend share is a buy?
The dividend share that Bell Potter is recommending to clients is Rural Funds Group (ASX: RFF).
It is an agricultural property company with a portfolio focused on almond orchards, vineyards, cattle, cotton and macadamias.
Its assets are some of the most productive in the industry and leased to high quality tenants including Treasury Wine Estates Ltd (ASX: TWE), Olam, JBS, and Select Harvests Ltd (ASX: SHV).
Bell Potter notes that Rural Funds' shares have pulled back meaningfully since providing disappointing AFFO guidance.
The broker thinks this has created a buying opportunity given the positive backdrop in agricultural land valuations. It said:
Since providing disappointing FY27e AFFO guidance the share price of RFF has been under pressure, this is despite the favourable backdrop in agricultural land valuations and RFF having executed asset sales to create balance sheet capacity, with further sales planned.
The latest Bendigo bank agricultural land values report (for 1HCY26) looked to confirm resilience in agricultural valuation, with the median transaction value up +8% YoY […] The report notes that further farmland appreciation is anticipated 2HCY26 amidst supportive commodity markets, however, the re-escalation of input cost pressures, further interest rate rises and the dry weather outlook combine to provide a weaker outlook for growth from CY27.
Big returns and generous dividend yields
According to the note, Bell Potter has retained its buy rating and $2.55 price target on the ASX dividend share.
Based on its current share price of $1.93, this implies potential upside of 32% for investors over the next 12 months.
In addition, Bell Potter is expecting dividend yields of 6.1% in FY 2027, FY 2028, and FY 2029.
Commenting on its buy recommendation, the broker said:
Our Buy rating is unchanged. During FY26 RFF contracted to dispose of $315m in assets at an 18% premium to BV. While this is a positive, there remains $356m worth of assets under development or operated, where there is limited income being generated. Execution of further asset sales, including mature and operated macadamia orchards and leasing of properties undergoing productivity enhancements would likely be catalysts for improvedAFFO and the share price. The 41% discount to Market-NAV and 34% discount to NAV are both all-time highs and material deviations from historical averages.
