3 of the best ASX dividend stocks to buy now

For income investors, the Australian share market continues to offer plenty of choice.

From property and infrastructure to consumer-facing businesses, there are companies across the ASX generating reliable cash flows and returning a portion of them to shareholders.

To help narrow things down, here are three ASX dividend stocks that brokers currently rate as buys and believe can deliver attractive income over the coming years.

Centuria Industrial REIT (ASX: CIP)

Centuria Industrial REIT could be an attractive option for investors seeking property-backed income.

This REIT is one of Australia's leading owners of industrial real estate, with a portfolio of high-quality assets leased to tenants in sectors such as logistics, manufacturing, and ecommerce. These are facilities that sit at the heart of modern supply chains, which helps underpin demand for space.

Importantly for income investors, the portfolio is weighted toward long-term leases, providing visibility over rental income. While higher interest rates have created challenges for parts of the property sector, Centuria's focus on fit-for-purpose industrial assets in key locations leaves it well positioned.

UBS is positive on the company's outlook and is forecasting dividends per share of 16.8 cents in FY 2026 and 17.9 cents in FY 2027. Based on the latest Centuria Industrial share price of $3.30, this equates to dividend yields of 5.1% and 5.4%, respectively.

The broker has a buy rating and a $3.95 price target on the stock.

Transurban Group (ASX: TCL)

Transurban is another ASX dividend stock that brokers believe is worth considering.

The company owns and operates toll roads across Australia and North America, including major assets such as CityLink in Melbourne and WestConnex in Sydney. These roads benefit from long concession lives and traffic volumes that tend to grow alongside population and economic activity.

What makes Transurban attractive for income investors is the combination of existing assets and a sizeable development pipeline, which supports both current distributions and longer-term growth.

The team at Citi is positive on the company's outlook. It expects Transurban to be in a position to pay dividends of 69.5 cents per share in FY 2026 and 73.7 cents per share in FY 2027. Based on its current share price of $13.89, this implies dividend yields of 5% and 5.3%, respectively.

The broker has a buy rating and a $16.10 price target on its shares.

Universal Store Holdings Ltd (ASX: UNI)

A final ASX dividend stock that could be a best buy according to brokers is Universal Store.

This youth fashion retailer operates a multi-brand strategy across Universal Store, Thrills, and Perfect Stranger, supported by a growing private-label offering. This approach has helped the company maintain margins and generate solid cash flow even as consumer spending has come under pressure.

Bell Potter believes Universal Store's disciplined execution and brand positioning can support ongoing dividend growth. The broker is forecasting fully franked dividends of 37.3 cents per share in FY 2026 and 41.4 cents per share in FY 2027. Based on its current share price of $8.37, this represents dividend yields of 4.5% and 4.9%, respectively.

Bell Potter currently has a buy rating and $10.50 price target on the company's shares.

The post 3 of the best ASX dividend stocks to buy now appeared first on The Motley Fool Australia.

Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor James Mickleboro has positions in Universal Store. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has positions in and has recommended Transurban Group. The Motley Fool Australia has recommended Universal Store. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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