While Westpac Banking Corp (ASX: WBC) and the rest of the big four banks have been great picks for income investors in recent years, there are signs that their shares could have peaked now.
In light of this, investors may get better results by focusing on other areas of the share market.
But which ASX dividend stocks? Let’s take a look at three that analysts are bullish on right now:
Centuria Industrial REIT (ASX: CIP)
The first ASX dividend stock that could be a great alternative is Centuria Industrial REIT.
It is one of Australia’s leading industrial real estate companies. Its portfolio includes 87 high-quality, fit-for-purpose industrial assets worth a collective $3.89 billion. These assets are situated in key in-fill locations and close to key infrastructure.
The team at UBS thinks investors should be buying its shares and has put a buy rating and $3.95 price target on them.
As for income, the broker is forecasting dividends per share of 16.8 cents in FY 2026 and then 17.9 cents in FY 2027. Based on its current share price of $3.46, this equates to dividend yields of 4.85% and 5.2%, respectively.
IPH Ltd (ASX: IPH)
Another ASX dividend stock that gets the thumbs up from analysts is IPH.
It is a global intellectual property services company that helps clients protect their patents, trademarks, and intellectual property across multiple jurisdictions. Its clients range from Fortune 500 companies to SMEs.
While trading conditions are soft at present, Morgans remains positive. It currently has a buy rating and $6.05 price target on its shares.
With respect to income, the broker is expecting IPH to reward shareholders with fully franked dividends of 37 cents per share in FY 2026 and FY 2027. Based on its current share price of $3.49, this implies very generous dividend yields of 10.6% for both years.
Sonic Healthcare Ltd (ASX: SHL)
Sonic Healthcare has also been named as an ASX dividend stock to buy now.
It is a medical diagnostics company that operates laboratories and collection centres across Australia, Europe, and the United States.
Bell Potter thinks the company is ready for a return to consistent growth and feels investors should be snapping up its shares. It recently put a buy rating and $33.30 price target on its shares.
As for income, the broker is forecasting partially franked payouts of 109 cents per share in FY 2026 and then 111 cents per share in FY 2027. Based on its current share price of $23.12, this equates to dividend yields of 4.7% and 4.8%, respectively.
The post Forget Westpac shares and buy these ASX dividend stocks appeared first on The Motley Fool Australia.
Should you invest $1,000 in Centuria Industrial REIT right now?
Before you buy Centuria Industrial REIT shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Centuria Industrial REIT wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 18 November 2025
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More reading
- Westpac versus CBA shares: Which bank is a better buy for 2026?
- 3 reasons to buy this $12 billion ASX 200 stock today
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- Buy 14,286 shares of this top dividend stock for $200 per month in passive income
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 recommended IPH Ltd and Sonic Healthcare. 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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