3 ASX dividend shares to buy after Christmas

Why are analysts bullish on these income options? Let's find out what they are saying.

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Do you have space in your income portfolio for some more ASX dividend shares after the Christmas break?

If you do, then it could be worth looking at the three listed below. That's because analysts rate them as buys and believe they will offer attractive dividend yields.

Here's what you need to know about these dividend shares:

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Image source: Getty Images

Harvey Norman Holdings Limited (ASX: HVN)

The first ASX dividend share that could be a buy for income investors is retail giant Harvey Norman.

Bell Potter believes it is a buy due to its exposure to the artificial intelligence (AI) boom. The broker expects Harvey Norman to benefit greatly from an AI driven major upgrade/replacement cycle of devices purchased during the COVID-19 pandemic.

It is expecting this to underpin fully franked dividends of 25.9 cents per share in FY 2025 and then 28.5 cents per share in FY 2026. Based on the current Harvey Norman share price of $4.71, this equates to attractive 5.5% and 6% dividend yields, respectively.

Bell Potter has a buy rating and $5.80 price target on its shares.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend share that could be a buy after Christmas is HomeCo Daily Needs. It is a property company with a focus on neighbourhood retail, large format retail, and health and services.

The team at Morgans remains positive on the company. Particularly given its shift in focus from large format retail to daily needs. It appears to believe this leaves it well-postioned for growth in the coming years.

In respect to income, Morgans is forecasting dividends per share of 8.5 cents in FY 2025 and then 8.7 cents in FY 2026. Based on the current HomeCo Daily Needs share price of $1.16, this will mean dividend yields of 7.3% and 7.5%, respectively.

The broker currently has an add rating and $1.36 price target on its shares.

Regal Partners Ltd (ASX: RPL)

A third ASX dividend share for income investors to look at is specialist alternative investment manager Regal Partners. At the last count, it had approximately $17.2 billion in funds under management.

But Bell Potter believes that this number will grow in the future. Particularly given its strong performance, which it doesn't believe is reflected in its share price at present.

It expects this strong performance to underpin fully franked dividends per share of 16.3 cents in FY 2024 and then 18.1 cents in FY 2025. Based on its current share price of $3.57, this represents dividend yields of 4.55% and 5.1%, respectively.

Bell Potter has a buy rating and $4.85 price target on its shares.

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 HomeCo Daily Needs REIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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