There are a lot of ASX dividend stocks to choose from on the Australian share market.
To narrow things down, let's take a look at three high yield names that brokers are bullish on right now. They are as follows:
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Accent Group Ltd (ASX: AX1)
The first ASX dividend stock to look at is Accent Group. It is a leading Australian footwear retailer that owns popular brands such as HypeDC, Platypus, and The Athlete's Foot.
Analysts at Bell Potter are positive about Accent Group's outlook. This is thanks to its market leadership, strategic growth initiatives, and ongoing expansion into apparel. The broker believes this will underpin strong earnings growth.
As for income, Bell Potter is forecasting fully franked dividend payouts of 10.2 cents per share in FY 2025 and then 12.7 cents per share in FY 2026. Based on its latest share price of $1.95, this equates to dividend yields of 5.2% and 6.5%, respectively.
Bell Potter has a buy rating and $2.60 price target on its shares.
GQG Partners Inc (ASX: GQG)
Another ASX dividend stock for income investors to look at is GQG Partners.
It is a global investment boutique managing active equity portfolios with US$163 billion in funds under management (FUM).
The team at Goldman Sachs is positive on the company and believes the market is undervaluing its shares. Particularly given its strong net fund flows, robust earnings growth, and an attractive valuation compared to peers.
In respect to dividends, Goldman is forecasting payouts of 14 US cents (21.9 Australian cents) per share in FY 2025 and 16 US cents (25 Australian cents) per share in FY 2026. Based on the current share price of $2.24, this would mean massive dividend yields of 9.8% and 11.2%, respectively.
Goldman Sachs has a buy rating and $3.00 price target on GQG Partners shares.
IPH Ltd (ASX: IPH)
Over at Morgans, its analysts have named IPH as a high yield ASX dividend stock to buy.
IPH is a leading intellectual property services company with operations across the globe. This includes through brands such as AJ Park, Griffith Hack, Pizzeys, ROBIC, Smart & Biggar, and Spruson & Ferguson.
Morgans sees a lot of value in its shares at current levels. It recently highlighted that "IPH's valuation is undemanding (~10.8x FY25F PE), however investor patience is required given the delivery of organic growth looks to be the catalyst for a re-rating."
Some big dividend yields are expected by the broker. It is forecasting fully franked dividends of 35 cents per share in FY 2025 and then 36 cents per share in FY 2026. Based on the current IPH share price of $4.88, this will mean dividend yields of 7.2% and 7.4%, respectively.
Morgans has an add rating and $6.30 price target on its shares.
