
If you are searching for ASX dividend shares for your income portfolio, then it could be worth hearing what one expert is recommending this week, courtesy of The Bull.
Here's what Sanlam Private Wealth has named as buys on Monday:
This Bunnings-focused property company could be an ASX dividend share to buy according to Sanlam Private Wealth.
It likes the company due to its defensive qualities and reliable cash flows. It explains:
BWP is a real estate investment trust. It's the biggest owner of Bunnings Warehouse sites in Australia, with a portfolio of 66 stores. The group's income profile is characterised by high occupancy, long lease terms and strong tenant quality. Long-dated leases provide income visibility and steady rental growth. BWP presents as a defensive property investment entering a more proactive phase and recently trading on an annual yield of almost 5 per cent. BWP appeals to investors in uncertain times as it offers low tenant risk and reliable cash flow.
Consensus estimates are for dividends per share of 19.4 cents in FY 2026 and then 19.8 cents in FY 2027. Based on its current share price of $3.84, this would mean dividend yields of 5% and 5.15%, respectively.
Another ASX dividend share that Sanlam Private Wealth is tipping as a buy this week is diversified marketing company IVE Group.
It highlights its generous dividend yield and share buy-back as reasons to be positive on the stock. It said:
IVE is a diversified marketing company. The company has generated growth via an acquisition strategy. Management has largely integrated these businesses smoothly, delivering synergies and cost reductions. Management execution is an under-rated strength. The company has initiated a share buy-back and the stock was recently trading on a fully franked dividend yield of almost 7 per cent, enhancing its income appeal. The stock is trading at a discount, in our view.
IVE isn't widely covered in the broker community, so there is no consensus estimate for dividends.
However, over at Bell Potter, its analysts are expecting the company to pay fully franked dividends of 18 cents per share in FY 2026 and then 20 cents per share in FY 2027. Based on its current share price of $2.63, this would mean dividend yields of 6.8% and 7.6%, respectively.
Bell Potter has a buy rating and $3.25 price target on its shares.
The post Expert names 2 ASX dividend shares to buy 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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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