Are you hunting for some ASX dividend shares to add to your income portfolio next week?
If you are, then take a look at the two listed below that brokers rate as buys.
Here’s what they are expecting from them in the near term:
Harvey Norman Holdings Ltd (ASX: HVN)
Bell Potter thinks retail giant Harvey Norman could be an ASX dividend share to buy.
It likes the company due partly to its attractive valuation, international expansion, and real estate portfolio. It explains:
While our preference skews to category specialists with balance sheet strength, we see HVN’s well balanced geographical diversification somewhat offsetting the multi-category risks. Following the sharp sell-off in the name since Oct-25, HVN’s 1-year forward P/E of ~13x (as per BPe) appears attractive considering the new store driven growth in international retailing (UK, Malaysia, Croatia), refit program in Australia and opportunities to grow their real estate portfolio as Australia’s single largest owner in large format retail with a global portfolio of ~$4.6b.
Bell Potter expects fully franked dividends of 29.8 cents per share in FY 2026 and 33.5 cents per share in FY 2027. Based on its current share price of $4.79, this equates to dividend yields of 6.2% and 7%, respectively.
The broker has a buy rating and $6.70 price target on its shares.
Nick Scali Limited (ASX: NCK)
Another ASX dividend share that brokers are bullish on is furniture retailer Nick Scali.
The broker is bullish due to its attractive valuation and positive growth outlook. The latter is being driven partly by its UK store rollout. It said:
We use an FY28 PER and DCF when setting our price target as we opt to look through near-term consumer weakness, with the current price providing an attractive entry point. High-quality retailer with a long track record. Nick Scali has delivered long-term EPS growth through disciplined store rollout, LFL growth, best-in-class margins, and operating leverage.
Strong cash generation and balance sheet. Structural negative working capital supports high cash conversion, while the low capital intensity of new store rollouts leaves ample cash flow for dividends and property purchases and/or growth ventures. Store rollout optionality. Further Plush and Nick Scali rollout in ANZ and the Nick Scali rollout opportunity in the UK provide an attractive growth leg.
Morgans is forecasting fully franked dividends of 71 cents per share in both FY 2026 and FY 2027. Based on its current share price of $15.46, this would mean dividend yields of 4.6%.
The broker put a buy rating and $17.84 price target on its shares last week.
The post Brokers name 2 ASX dividend shares to buy appeared first on The Motley Fool Australia.
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More reading
- Why did ASX 200 retail shares outperform last week?
- Brokers name 3 ASX shares to buy right now
- Morgans names 3 ASX shares to buy in June
- Buy, hold, sell: Nick Scali, Nyrada, Wesfarmers shares
- 5 things to watch on the ASX 200 on Friday
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 Harvey Norman. The Motley Fool Australia has recommended Nick Scali. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.