If you are looking for income options outside the big four banks, then it could be worth checking out the ASX dividend stocks in this article.
They have been named as top buys by analysts at Bell Potter and are forecast to offer attractive dividend yields in the near term.
Here’s what the broker is recommending to clients:
Nickel Industries Ltd (ASX: NIC)
The nickel producer could be an overlooked ASX dividend stock to buy according to the broker.
The broker believes the company is positioned to deliver a major free cash flow uplift in the near term, which it expects to support big dividends. It said:
NIC is the only material ASX way to gain exposure to the nickel price, has a growth story, and is diversifying earnings to span Type 1 and Type 2 nickel. NIC continues to generate positive cash flows in a tough nickel market and is set to deliver major growth milestones in CY25 across its highest margin nickel operations. All up, given the forecast high production growth and potential for a very large free cash flow uplift in the next 2 years or so, NIC presents a compelling story and appears cheap at current valuation.
Bell Potter is forecasting dividends of 10 cents per share in FY 2027 and then 12 cents per share in FY 2028. Based on its current share price of $1.02, this would mean dividend yields of almost 10% and 12%, respectively.
The broker has a buy rating and $1.45 price target on its shares.
Praemium Ltd (ASX: PPS)
This investment platform provider has been given the thumbs up by Bell Potter.
It thinks this ASX dividend stock is undervalued compared to peers. It said:
While Praemium has demonstrated commercial momentum, strong growth capacity, and a leading technology offering, its valuation continues to lag key peers. This stock looks very attractive at a 12MF PE of ~14x, and we expect the market to catch on as the company executes on further market share gains and FUA growth.
Bell Potter is forecasting Praemium to pay fully franked dividends per share of 2.7 cents in FY 2026 and then 3.4 cents in FY 2027. Based on its current share price of 69.5 cents, this would mean dividend yields of 3.9% and 4.9%, respectively.
The broker has a buy rating and $1.20 price target on its shares.
The post These ASX dividend stocks offer yields of up to 12% appeared first on The Motley Fool Australia.
Should you invest $1,000 in Nickel Industries right now?
Before you buy Nickel Industries 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 Nickel Industries 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 20 Feb 2026
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More reading
- This ASX 200 nickel stock is rising after a huge project upgrade
- 2 ASX mining shares to buy: experts
- Bell Potter names the best ASX shares to buy in May
- This ASX materials stock could be set to boom 40% or more
- Here are the top 10 ASX 200 shares today
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 Praemium. 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.