If you’re looking for ASX dividend shares for your income portfolio, it might be worth listening to what an expert is recommending this week, courtesy of The Bull.
Here’s what Sanlam Private Wealth bought on Monday:
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This Bunnings-focused property company could be an ASX dividend share to buy, according to Sanlam Private Wealth.
This company is liked because of its protective properties and reliable cash flow. It explains:
BWP is a real estate investment trust. It is the largest owner of Bunnings Warehouse sites in Australia with a portfolio of 66 stores. The Group’s income profile is characterized by high occupancy, long lease terms and strong tenant quality. Long-term leases provide income visibility and stable rental growth. BWP presents as a defensive property investment that is entering a more active phase and has recently been trading at an annual yield of around 5 per cent. BWP attracts investors in uncertain times because it offers low tenant risk and reliable cash flow.
The consensus estimate is for a dividend of 19.4 cents per share in fiscal 2026 and then 19.8 cents in fiscal 2027. Based on the current share price of $3.84, this would mean dividend yield Of 5% and 5.15% respectively.
Another ASX dividend stock that Sanlam Private Wealth is buying this week is diversified marketing company IVE Group.
It highlights its generous dividend yield and share buy-backs as reasons to be positive on the stock. It said:
IVE is a diversified marketing company. The company has generated growth through an acquisition strategy. Management has largely integrated these businesses smoothly, resulting in synergy and cost reduction. Management execution is an underestimated strength. The company has initiated share buy-backs and the stock was recently trading at a fully dividend yield of about 7 percent, increasing its income appeal. We believe the stock is trading at a discount.
IVE is not widely covered in the broker community, so there is no consensus estimate for the dividend.
However, Bell Potter analysts expect the company to pay a full dividend of 18 cents per share in fiscal 2026 and then 20 cents per share in fiscal 2027. Based on the current share price of $2.63, this would mean dividend yields of 6.8% and 7.6% respectively.
Bell Potter has a buy rating and a $3.25 price target on its shares.