Brokers expect very big dividends from these ASX shares in 2023

If you’re an income investor on the lookout for big dividends, then take a look at the two ASX shares listed.

Both of these ASX dividend shares have been tipped to provide investors with generous yields in the near term. Here’s what they are saying about them:

Deterra Royalties Ltd (ASX: DRR)

The first high yield ASX dividend share for investors to consider is Deterra Royalties.

It is the owner of a portfolio of royalty assets across a range of commodities, primarily focused on bulks, base and battery metals.

One of the key royalty assets in its portfolio is the Mining Area C (MAC) iron ore operation which is operated by mining giant BHP Group Ltd (ASX: BHP). Another for the future is the Eneabba Project owned by Iluka Resources Limited (ASX: ILU). This project has the potential to be a major rare earths producer in the coming years.

Citi is a fan of the company and has a buy rating and $4.70 price target on its shares.

As for dividends, it is expecting fully franked dividends per share of 26 cents in FY 2023 and 28 cents in FY 2024. Based on the current Deterra Royalties share price of $4.69, this will mean yields of 5.5% and 6%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Another high yield ASX dividend share that has been named as a buy is Stockland.

It is a residential and land lease developer and retail, logistics and office real estate property manager.

While trading conditions are not easy at present, analysts at Goldman Sachs “believe the potential headwinds are factored into the share price and see SGP as attractively valued.” The broker feels this is particularly the case given its recently refreshed corporate strategy and the sale of its low returning Retirement division.

Goldman has a buy rating and $4.40 price target on its shares.

In respect to dividends, its analysts are forecasting dividends per share of 27.6 cents in FY 2023 and 28.3 cents in FY 2024. Based on the current Stockland share price of $3.87, this will mean yields of 7.1% and 7.3%, respectively.

The post Brokers expect very big dividends from these ASX shares in 2023 appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• The ASX 200 mining shares to buy for big dividends in 2023: analysts
• Dividends! Goldman Sachs says these ASX 200 shares are buys for income investors
• These are the ASX dividend shares income investors should buy now: brokers
• Time to buy? Which ASX 200 shares are trading on single-digit P/E ratios?

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 no position in any of the stocks mentioned. 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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