If you have $5,000 to invest and a penchant for ASX dividend shares, then read on.
That’s because listed below are three shares that Bell Potter thinks could be top buys for income investors. Here’s what you need to know:
Cedar Woods Properties Limited (ASX: CWP)
Bell Potter thinks Cedar Woods could be an ASX dividend share to buy. It is one of Australia’s leading property developers with a diverse portfolio. This includes subdivisions in emerging residential communities, high-density apartments, and townhouses in inner-city neighbourhoods.
The broker believes the company is well-positioned to benefit from Australia’s chronic housing shortage. It expects this to underpin dividends per share of 35 cents in FY 2026 and then 39 cents in FY 2027. Based on its current share price of $8.15, this equates to 4.3% and 4.8% dividend yields, respectively.
Bell Potter has a buy rating and $10.00 price target on its shares.
Elders Ltd (ASX: ELD)
Bell Potter is also feeling bullish on Elders and sees it as an ASX dividend share to buy.
It is an agribusiness company that provides rural and livestock services, agricultural inputs, and real estate services to Australia’s farming sector.
Bell Potter has been pleased with the performance of its base business and believes it has multiple growth drivers. In addition, the broker feels that the market is undervaluing the company’s Delta Agribusiness acquisition.
With respect to income, the broker is forecasting fully franked dividends of 43 cents per share in FY 2026 and then 45 cents per share in FY 2027. Based on its current share price of $7.22, this would mean dividend yields of 6% and 6.2%, respectively.
Bell Potter has a buy rating and $9.45 price target on its shares.
Rural Funds Group (ASX: RFF)
A final ASX dividend share to consider for a $5,000 investment is Rural Funds.
It is a property company that owns agricultural assets such as cattle properties, vineyards, and cropping land. Rural Funds leases these properties to high-quality tenants on long-term agreements with periodic rental increases built in.
Bell Potter is expecting the company to reward its shareholders with 11.7 cents per share dividends in FY 2026 and FY 2027. Based on its current share price of $2.07, this would mean attractive 5.7% dividend yields in both years.
The broker currently has a buy rating and $2.45 price target on its shares.
The post 3 top ASX dividend shares to buy with $5,000 appeared first on The Motley Fool Australia.
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More reading
- Looking for income? Check out these buy-rated ASX dividend stocks
- 3 defensive ASX dividend shares that analysts are tipping as top buys
- Bell Potter names more of the best ASX shares to buy in February
- 2 ASX REIT stocks I want to buy for a lifetime of passive income!
- Brokers name 3 ASX dividend shares for income investors to buy
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 positions in and has recommended 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.