2 ASX dividend shares to buy with big yields: Morgans

Looking for some ASX dividend share to add to your portfolio? Then take a look at the two listed below that Morgans rates as buys.

Here’s what the broker is saying about them:

HomeCo Daily Needs REIT (ASX: HDN)

The first ASX dividend share to look at is the HomeCo Daily Needs REIT.

It is a property company with a focus on convenience-based assets across the target sub-sectors of Neighbourhood Retail, Large Format Retail and Health & Services.

Morgans is a fan of the company due partly to its significant development pipeline. The broker highlights that this development pipeline is valued at over $500 million and should underpin solid future growth.

As for dividends, the broker is forecasting dividends per share of 8.3 cents in FY 2023 and 8.5 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.33, this will mean dividend yields of 6.2% and 6.4%, respectively.

Morgans has an add rating and $1.52 price target on its shares.

Mineral Resources Ltd (ASX: MIN)

Another ASX dividend share that Morgans rates as a buy is Mineral Resources.

It believes the mining and mining services company’s exposure to lithium and iron ore is an ideal combination to benefit from the China re-opening.

It also expects this exposure to underpin some big dividend payments in the near term. Morgans is expecting fully franked dividends of $4.04 per share in FY 2023 and $6.21 per share in FY 2024. Based on the current Mineral Resources share price of $88.60, this will mean 4.55% and 7% dividend yields, respectively.

Morgans currently has an add rating and $99.40 price target on its shares.

The post 2 ASX dividend shares to buy with big yields: Morgans appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 3 top ASX mining shares I’d dig into and buy in February
• Top ASX value shares to buy in February 2023
• These are the best ASX 200 mining shares to buy now: Morgans
• Should I buy ASX 200 lithium shares now or not?
• 3 ASX lithium shares to buy right now: experts

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.

from The Motley Fool Australia https://ift.tt/eqSjptw