A new month is on the horizon, so what better time for investors to look at making some new additions to their income portfolio.
But if you're not sure which ASX dividend shares to buy, don't worry.
That's because analysts have done the hard work for you and picked out three to buy now. They are as follows:
Accent Group could be an ASX dividend share to buy according to analysts at Bell Potter.
It is a leading Australian footwear focused retailer that owns popular brands such as HypeDC, Platypus, and The Athlete's Foot.
Bell Potter likes the company due to its market leadership, strategic growth initiatives, and ongoing expansion into apparel. Combined with the rollout of Sports Direct in the ANZ region, it is expecting this to support solid earnings and dividend growth in the coming years.
For example, the broker is forecasting fully franked dividends of 10.2 cents per share in FY 2025 and then 12.7 cents per share in FY 2026. Based on the latest share price of $1.90, this equates to attractive dividend yields of 5.35% and 6.7%, respectively.
Bell Potter has a buy rating and $2.60 price target on its shares.
Another ASX dividend share that could be a buy according to analysts is Adairs. It is the leading homewares and furniture retailer behind the Adairs, Focus on Furniture, and Mocka brands.
Morgans rates the company highly. This is partly due to its streamlined supply chain through its new national distribution centre. It also highlights that the core Adairs brand has been performing positively this year.
The broker expects this to underpin fully franked dividends of 14 cents per share in FY 2025 and then 17 cents in FY 2026. Based on the current share price of $2.67, that equates to yields of 5.25% and 6.4%, respectively.
Morgans has an add rating and $2.85 price target on its shares.
A third ASX dividend share that could be a buy is IPH. It is a leading intellectual property (IP) services company operating through a number of brands across the globe. This includes AJ Park, Griffith Hack, Smart & Biggar, and Spruson & Ferguson.
Morgans is also a fan of IPH and thinks that its shares are undervalued at current levels. It recently highlighted that "IPH's valuation is undemanding (~10.8x FY25F PE)."
As for income, the broker is forecasting fully franked dividends of 35 cents per share in FY 2025 and then 36 cents per share in FY 2026. Based on the current IPH share price of $4.93, this will mean dividend yields of 7.1% and 7.3%, respectively.
Morgans has an add rating and $6.30 price target on its shares.
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