Bell Potter names more of the best ASX dividend shares to buy this month

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If you are looking for new additions to your income portfolio, then read on!

That’s because the team at Bell Potter has just named a number of ASX dividend shares as best buys for the month of March.

Listed below are two that it is bullish on. Here’s what it is saying about them:

COG Financial Services Ltd (ASX: COG)

This asset finance company could be a best buy according to Bell Potter.

The broker believes it is an ASX dividend share to buy due to its external accumulation strategy, which it expects to support attractive dividend yields. Bell Potter said:

COG Financial is a diversified conglomerate of distribution businesses focused on Australia. The group principally provides access to credit providers (and related insurance) for yellow commercial goods.

This is delivered through a nationwide broker net. In addition, the company has some balance sheet funded direct originations, with a focus on capturing some of the overflow for non-prime chattel mortgages. A proportion of this is offered under peer-to-peer lending. Following the acquisition of Paywise, the company has articulated an external accumulation strategy, focussed on novated leasing and salary packaging services.

As for income, Bell Potter is forecasting fully franked dividends of 7 cents per share in FY 2026 and then 8.9 cents per share in FY 2027. Based on its current share price of $1.35, this would mean dividend yields of 5.2% and 6.6%, respectively, for income investors.

Universal Store Holdings Ltd (ASX: UNI)

Another ASX dividend share that Bell Potter is bullish on is youth fashion retailer Universal Store.

It thinks its shares are undervalued based on its current PE ratio and positive medium-term growth outlook. It explains:

Universal Store Holdings is a leading youth focused apparel, footwear and accessories retailer in Australia. UNI will continue to increase store numbers over the next few years, supporting earnings growth of 10% p.a.. Valuation looks attractive, trading on a forward P/E of ~14.1x. UNI is a quality small cap (ROE ~26%) that is executing on its rollout strategy.

With respect to dividends, Bell Potter is expecting the company to reward shareholders with fully franked payouts of 37.3 cents per share in FY 2026 and then 41.4 cents per share in FY 2027. Based on its current share price of $8.64, this would mean attractive dividend yields of 4.3% and 4.8%, respectively, over the next two financial years.

The post Bell Potter names more of the best ASX dividend shares to buy this month appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Universal Store. 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 Universal Store. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.