UPDATE: Investors looking to boost their income portfolios can take advantage of two ASX dividend shares offering impressive yields of up to 9%. Analysts from Bell Potter and Morgans have just announced their top picks, which promise solid returns in the near term.
Dexus Convenience Retail REIT (ASX: DXC) is emerging as a prime candidate for income investors this month. Bell Potter recommends this property company, focused on service stations and convenience retail, highlighting its defensive earnings and attractive valuation. Analysts state, “Well placed to deliver defensive and growing earnings.” Currently priced at $3.02, DXC is projected to yield 6.9% in FY 2026 and 7.15% in FY 2027, based on anticipated dividends of 20.9 cents and 21.6 cents per share, respectively. Bell Potter maintains a buy rating with a target price of $3.45.
Meanwhile, IPH Ltd (ASX: IPH) has also caught the attention of analysts at Morgans. Despite a flat performance in FY 2025, the firm believes IPH’s valuation presents a buying opportunity. Morgans forecasts fully franked dividends of approximately 37 cents per share for FY 2026 and FY 2027, leading to an attractive yield of 8.7% at the current share price of $4.24. They have set a buy rating with a price target of $6.05.
Investors are urged to act swiftly as these dividend yields could significantly enhance overall returns. The current financial landscape presents a unique opportunity for those seeking reliable income streams through strategic investments in these ASX-listed companies.
As financial markets evolve, keeping an eye on these dividend shares could lead to substantial rewards. Stay tuned for further updates and market movements as these developments unfold.
