Fortunately for income investors, there are lots of ASX dividend shares to choose from.

But with so much choice, it can be hard to decide which ones to buy.

To narrow things down, let’s look at three dividend shares with 5%+ dividend yields that analysts are tipping as buys.

They are as follows:

Charter Hall Long WALE REIT (ASX: CLW)

The team at Citi thinks that Charter Hall Long WALE REIT could be a top pick for income investors.

The broker has a buy rating and $4.10 price target on the long-lease focused property company’s shares.

Citi highlights that the company’s shares offer value at current levels, especially with a large portion of rents inflation-linked and its big dividend yield.

Speaking of which, the broker is forecasting dividends per share of 25.5 cents in FY 2026 and then 25.7 cents in FY 2027. Based on its current share price of $3.71, this would mean dividend yields of approximately 6.9% in both years. 

Harvey Norman Holdings Ltd (ASX: HVN)

Another ASX dividend share that could be worth considering is retail giant Harvey Norman.

Bell Potter is bullish on the company and has a buy rating and $6.00 price target on its shares.

Although the broker expects FY 2027 to be a tough year, it believes this is more than priced in. So, with generous dividend yields expected, it sees now as a good time to snap up Harvey Norman’s shares. 

Bell Potter is forecasting fully franked dividends of 31.1 cents per share in FY 2027 and then 33.3 cents per share in FY 2028. Based on its current share price of $4.82, this equates to dividend yields of 6.5% and 6.9%, respectively.

Universal Store Holdings Ltd (ASX: UNI)

A third ASX dividend share that brokers are recommending to clients is Universal Store. 

Morgans has a buy rating and $9.50 price target on the youth fashion retailer’s shares.

The broker has been pleased with the company’s performance in FY 2026, highlighting that double-digit sales growth is expected despite tough operating conditions.

It notes that Universal Store’s Perfect Stranger brand is performing strongly, which bodes well for its store rollout. 

With respect to income, Morgans is forecasting the company to pay fully franked dividends of 40 cents per share in FY 2026 and then 46 cents per share in FY 2027. Based on its current share price of $7.43, this represents dividend yields of 5.4% and 6.2%, respectively.

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

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Citigroup is an advertising partner of Motley Fool Money. 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 positions in and has recommended Harvey Norman. 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.

I’m always on the lookout for ASX shares that could boost my portfolio returns and passive income.

I feel fortunate to be able to regularly invest money into the share market, and I recently put $3,000 to work into more stocks.

The three names I bought were: MFF Capital Investments Ltd (ASX: MFF), WCM Global Growth Ltd (ASX: WQG) and L1 Long Short Fund Ltd (ASX: LSF).

All three of my new investments have similar positive attributes, which I’ll get into below.

Effective investment strategies

All three of these ASX shares are listed investment companies (LICs). In other words, they invest in other shares and assets on behalf of shareholders.

They each have their own investment strategy, and they have all performed strongly over the long-term.

MFF aims for high-quality global shares with strong competitive advantages and an above-average ability to grow earnings.

The L1 LIC invests in a mixture of ASX shares and global shares that are priced cheaply with good earnings growth potential.

WCM Global Growth invests in businesses with improving competitive advantages and a corporate culture that supports that economic moat improvement.

Each of them have managed to deliver double-digit portfolio returns over the long-term, helping fund good dividends and a rising share price (thanks to their growing retained earnings).

Rising dividends

I believe the best ASX dividend shares can provide shareholders with consistent dividend growth.

It’s good to be able to offset (or outpace) inflation. Rising dividends also allow us to feel wealthier, with more cash flowing through our bank accounts. The dividends can be reinvested or spent on our lives for essentials or to fund discretionary spending.

All three ASX shares I recently invested in – MFF, WCM Global Growth and L1 Long Short Fund – have all recently increased their dividends by more than 10% year-over-year.

It’s not guaranteed that these businesses will continue to grow their dividends by more than 10% in the next financial year. It’s possible they may not even grow the dividend. But, of all of the businesses on the ASX, these are three of the ASX shares I’m most confident will deliver a rising dividend to shareholders.

With their profit reserves and impressive investment returns, I believe they’ll be able to continue hiking their payouts at a good pace for the next few years.

Good dividend yields

All three of these ASX shares have compelling dividend yields and could continue to grow their payouts from here, unlocking an even greater dividend yield in time.

I estimate that in FY27, the ASX shares could provide grossed-up dividend yields (including franking credits) of more than 5%. At the time of writing, MFF could offer a grossed-up dividend yield of 6.9%, WCM Global Growth could have a grossed-up dividend yield of 7% and L1 Global Short Fund could provide a grossed-up dividend yield of 5.1%.

I believe all of these stocks could outperform the S&P/ASX 200 Index (ASX: XJO) and deliver stronger dividend income. But, these aren’t the only ASX shares I have my eyes on for July.

The post Why I just invested $3,000 in these 3 ASX shares appeared first on The Motley Fool Australia.

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• 2 ASX dividend shares with yields above 6%
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• Buy, hold, sell: L1 Long Short Fund, REA, Wesfarmers shares

Motley Fool contributor Tristan Harrison has positions in L1 Long Short Fund, Mff Capital Investments, and Wcm Global Growth. 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 Mff Capital Investments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Warren Buffett has spent decades showing investors that price and value are not always the same thing.

That idea feels especially relevant when good ASX shares fall out of favour.

Several well-known shares are trading far below their previous highs, and I think some could reward investors willing to look past the current pessimism.

Price creates the opportunity

Buffett once wrote: “Price is what you pay; value is what you get.”

A lower share price does not automatically create value. The business still needs attractive assets, a credible recovery path, and enough financial strength to work through its challenges.

But when the market becomes too focused on what is going wrong today, long-term investors can sometimes buy future earnings at a much better price.

Treasury Wine Estates Ltd (ASX: TWE) is one share I would examine closely.

The wine company has faced setbacks across its US operations and has struggled to convince investors that recent acquisitions will deliver the expected returns. Its Penfolds brand still has considerable global recognition, while China and other Asian markets could support growth over time.

The recovery needs better execution, but the lower share price gives investors a more forgiving starting point than they had near the highs.

Back businesses that can regain momentum

Temple & Webster Group Ltd (ASX: TPW) is another fallen ASX share I would consider.

Furniture demand can move with consumer confidence, housing activity, and interest rates, which means the company’s growth will rarely arrive evenly.

I still like its long-term position as spending continues moving online. Temple & Webster can offer a wide range without carrying the same store network as traditional retailers, while data and technology can improve merchandising, marketing, and the customer experience.

WiseTech Global Ltd (ASX: WTC) has endured an even more dramatic loss of confidence.

Governance concerns, leadership questions, and uncertainty around the e2open acquisition have weighed heavily on the shares. Yet CargoWise remains deeply embedded in the operations of major logistics companies.

Global trade is full of paperwork, customs requirements, freight movements, warehouses, and regulatory complexity. WiseTech has an opportunity to bring more of those processes into one platform and automate more work through artificial intelligence.

I would keep the position measured, but the long-term opportunity looks far more attractive after the share price decline.

Quality can become cheap too

Some of the best opportunities can appear when the market loses patience with companies that were once considered untouchable.

CSL Ltd (ASX: CSL) and Cochlear Ltd (ASX: COH) both fit that description in my opinion.

CSL needs to improve execution across plasma, vaccines, and Vifor, while Cochlear has faced softer implant demand and hospital capacity constraints. I think those concerns deserve attention, but both companies have spent decades building global healthcare capabilities that would be difficult to reproduce.

REA Group Ltd (ASX: REA) also looks more appealing after its fall.

Property listings can weaken when housing activity slows, yet REA Group’s position at the centre of the Australian property search remains strong. Its audience, data, agent relationships, and network effects give the company several ways to keep developing its platform.

Foolish takeaway

I would not try to predict exactly when sentiment will recover for any of these companies.

Instead, I would focus on whether the business can produce meaningfully higher earnings over the next five or 10 years than the market currently expects.

They all have problems to solve, which is why their share prices have fallen so heavily. But they also retain brands, technology, market positions, or specialist capabilities that could support a recovery.

Following Buffett’s approach requires patience and discipline. For investors prepared to provide both, I think today’s market offers several cheap ASX shares worth buying.

The post I’d listen to Warren Buffett and buy cheap ASX shares appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor Grace Alvino has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Cochlear, Temple & Webster Group, Treasury Wine Estates, and WiseTech Global. The Motley Fool Australia has positions in and has recommended Treasury Wine Estates and WiseTech Global. The Motley Fool Australia has recommended CSL, Cochlear, and Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.