3 ASX dividend shares to buy for 5% to 10% yields

Person holding Australian dollar notes, symbolising dividends.

Fortunately for income investors, the Australian share market is home to a large number of ASX dividend shares.

To narrow things down, let’s look at three high-yield options that brokers are tipping as buys this week. They are as follows:

Cedar Woods Properties Limited (ASX: CWP)

Bell Potter has named Cedar Woods as an ASX dividend share to buy.

Cedar Woods is one of Australia’s leading property companies. It owns a high-quality portfolio that is diversified by geography, price point, and product type. This leaves it well-positioned to benefit from Australia’s chronic housing shortage.

Bell Potter is positive on the company’s outlook. It is expecting Cedar Woods to be in a position to pay fully franked dividends per share of 38 cents in FY 2026 and then 41 cents in FY 2027. Based on its current share price of $7.20, this equates to 5.3% and 5.7% dividend yields, respectively.

The broker has a buy rating and $9.65 price target on its shares.

IPH Ltd (ASX: IPH)

Another ASX dividend share that is being tipped as a buy is IPH.

It is an intellectual property services company, providing patent and trademark services across multiple jurisdictions through a large number of brands.

IPH has a long history of paying attractive dividends to its shareholders thanks to its strong cash flow generation.

The team at Morgans is bullish and is expecting the company to pay fully franked dividends of 38 cents per share in FY 2026 and then 39 cents per share in FY 2027. Based on its current share price of $3.58, this equates to dividend yields of 10.6% and 10.9%, respectively.

Morgans has a buy rating and $5.39 price target on the company’s shares.

Premier Investments Ltd (ASX: PMV)

A third ASX dividend share that could be a buy according to analysts is Premier Investments.

It owns the popular Smiggle and Peter Alexander brands and holds a significant investment portfolio.

While trading conditions have been tough, Macquarie believes Premier Investments is positioned to continue paying attractive dividends to shareholders. This is largely due to the strength of the Peter Alexander brand.

Macquarie is expecting fully franked dividends of 95.2 cents per share in FY 2026 and then 97.4 cents per share in FY 2027. Based on its current share price of $12.01, this would mean generous dividend yields of 7.9% and 8.1%, respectively.

Macquarie has an outperform rating and $16.90 price target on its shares.

The post 3 ASX dividend shares to buy for 5% to 10% yields appeared first on The Motley Fool Australia.

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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 Macquarie Group. The Motley Fool Australia has recommended IPH Ltd and Premier Investments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.