The Australian share market is a great place to generate an income.
That's because the ASX boards are filled to the brim with shares that provide investors with dividends every three to six months.
But with so many options to choose from, it can be hard to decide which ones to buy over others.
To narrow things down, I have picked out three ASX dividend shares that analysts are bullish on at present.
Here's what they are recommending and the sort of dividend yields you can expect from them in the near term:
APA Group (ASX: APA)
The first ASX dividend share to consider is APA Group. It owns and operates critical energy infrastructure across Australia, including gas pipelines, storage facilities, and power assets. These assets are usually long life and regulated or contracted, which helps provide steady and visible cash flows.
Macquarie is positive on APA's outlook and currently has an outperform rating and $9.58 price target on its shares.
As for income, Macquarie is forecasting dividends of 58 cents per share in FY 2026 and then 59 cents per share in FY 2027. Based on its current share price of $9.15, that equates to very attractive dividend yields of 6.3% and 6.4%, respectively.
Elders Ltd (ASX: ELD)
The team at Macquarie is also positive on Elders and sees it as an ASX dividend stock to buy now.
Elders is an agribusiness company that provides rural and livestock services, agricultural inputs, and real estate services to Australia's farming sector.
The broker is expecting Elders to pay fully franked dividends of 36 cents per share in FY 2026 and then 37 cents per share in FY 2027. Based on its current share price of $7.13, this would mean dividend yields of 5% and 5.2%, respectively.
Macquarie has an outperform rating and $8.40 price target on its shares.
Rural Funds Group (ASX: RFF)
A third ASX dividend share analysts like is Rural Funds Group.
It provides exposure to high-quality Australian agricultural assets, including cattle properties, cropping farms, and almond orchards. These assets are leased to high-quality operators under long-term agreements, which helps smooth income over time.
Bell Potter is forecasting dividends of 11.7 cents per share in both FY 2026 and FY 2027. Based on its current share price of $2.10, this would mean generous dividend yields of 5.6% in each year.
Bell Potter currently has a buy rating and a $2.45 price target on the company's shares.
The post 3 excellent ASX dividend shares to buy this month appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Apa Group, Macquarie Group, and Rural Funds Group. The Motley Fool Australia has recommended Elders. 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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