Brokers name 3 ASX dividend shares for income investors to buy

Do you have room in your income portfolio for some new holdings in February?

If you do, then it could be worth considering the three ASX dividend shares in this article that brokers rate as buys.

Here’s what they are recommending to clients:

Cedar Woods Properties Limited (ASX: CWP)

The team at Bell Potter thinks that Cedar Woods could be an ASX dividend share to buy this month.

It is one of Australia’s leading property companies, owning a high-quality portfolio that is diversified by geography, price point, and product type. The broker believes that this leaves it well-positioned to be a big winner from Australia’s chronic housing shortage.

Bell Potter expects this to support dividends per share of 35 cents in FY 2026 and then 39 cents in FY 2027. Based on its current share price of $7.61, this equates to 4.6% and 5.1% dividend yields, respectively.

The broker has a buy rating and $10.00 price target on its shares.

Charter Hall Retail REIT (ASX: CQR)

Another ASX dividend share that could be a buy this month is the Charter Hall Retail REIT.

It is a property trust that owns a diversified portfolio of convenience-based retail centres anchored by supermarkets, service stations, and essential services.

These types of assets tend to be highly defensive, as shoppers continue to spend on groceries and everyday necessities regardless of economic conditions. Combined with long lease terms and high-quality tenants, Charter Hall Retail has good visibility over rental income, which supports consistent distributions to unitholders.

Citi is a fan of the company and is expecting some big dividend yields in the near term. The broker is forecasting dividends per share of 25.5 cents in FY 2026 and then 26 cents in FY 2027. Based on its current share price of $3.92, this would mean dividend yields of 6.5% and 6.6%, respectively.

Citi has a buy rating and $4.50 price target on its shares.

Harvey Norman Holdings Ltd (ASX: HVN)

A third ASX dividend share that could be a buy according to brokers is Harvey Norman.

It is a retail giant with a unique franchise model that generates robust cash flows and provides flexibility during challenging retail environments.

In addition to its core electronics and furniture operations, Harvey Norman owns a substantial property portfolio. That adds another layer of income stability and has supported generous dividend payments over time.

Bell Potter remains positive on the retailer. It believes the company is positioned to pay fully franked dividends per share of 30.9 cents in FY 2026 and 35.3 cents in FY 2027. Based on its current share price of $6.48, this represents dividend yields of 4.8% and 5.4%, respectively.

The broker has a buy rating and $8.30 price target on its shares.

The post Brokers name 3 ASX dividend shares for income investors to buy appeared first on The Motley Fool Australia.

More reading

• Charter Hall Retail REIT posts higher earnings and distributions in 1H FY26
• Forget term deposits and buy these ASX dividend shares
• Why these ASX dividend shares could be top picks for income investors in February
• Are these ASX REITs a buy, hold or sell this earnings season?
• 3 ASX dividend shares that still beat bank interest rates

Citigroup is an advertising partner of Motley Fool Money. 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 Charter Hall Retail REIT and Harvey Norman. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.