UPDATE: Two top ASX dividend shares have been highlighted by Bell Potter as must-buys this December. Investors are urged to consider these opportunities immediately given their potential for significant returns in the coming years.
Harvey Norman Holdings Ltd (ASX: HVN) is being positioned as a prime investment choice. Bell Potter emphasizes that this leading household goods retailer boasts a diverse portfolio across various categories and regions. With a substantial property portfolio, Harvey Norman is Australia’s largest owner of large format retail space, valued at over $4.5 billion. As of now, shares are priced at $7.32, with a target price of $8.30, indicating strong upside potential.
The broker forecasts fully franked dividends of 30.9 cents per share in FY 2026 and 35.3 cents per share in FY 2027, translating to impressive dividend yields of 4.2% and 4.8% respectively. This could significantly benefit investors looking for reliable income streams.
In addition, Universal Store Holdings Ltd (ASX: UNI) is being touted as another excellent buy. With around 85 stores and a focus on youth-oriented apparel and accessories, Universal Store is expanding its footprint with private label brands. Bell Potter believes its shares are undervalued, currently trading at $8.41 with a target of $10.50.
Investors can also expect fully franked dividends of 37.3 cents per share in FY 2026 and 41.4 cents per share in FY 2027, which would yield 4.4% and 4.9% respectively. This strong performance is backed by the company’s growth strategy and customer loyalty among youth, especially in the trending streetwear segment.
Both stocks are rated as ‘buy’ by Bell Potter, reflecting confidence in their future performance. With the Australian market reacting to recent economic changes, including potential interest rate cuts, these investments could provide both stability and growth.
Investors are encouraged to act quickly to secure these promising shares before prices adjust further. The time to invest is NOW as these opportunities could yield substantial returns in the near future.
Stay tuned for more updates as market conditions evolve.
