Want big income? Buy these high-yield ASX dividend shares

There are many ASX dividend shares for income investors to choose from on the Australian share market.

Two that have been rated as buys and tipped to offer big dividend yields in the near term are named below.

Here’s what analysts are forecasting from them:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX dividend share that could be a buy according to analysts is Aurizon.

It is a national rail and road network operator which connects miners, primary producers, and industry with international and domestic markets.

Ord Minnett is positive on Aurizon and earlier this month put an accumulate rating and $4.70 price target on its shares.

In respect to dividends, the broker is forecasting partially franked dividends of 17.8 cents per share in FY 2024 and then 24.3 cents per share in FY 2025. Based on the latest Aurizon share price of $3.97, this will mean yields of 4.5% and 6.1%, respectively.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend share that analysts have named as a buy is HomeCo Daily Needs.

It is a property investment company with a focus on convenience-based assets. These are assets found across neighbourhood retail, large format retail, and health and services.

In response to its half-year results release this month, the team at Morgans has retained its add rating and $1.37 price target. The broker believes the company is positioned to benefit from “accelerating click & collect trends” and its development pipeline.

Morgans continues to forecast some big dividend yields in the near term. It expects dividends per share of 8 cents in FY 2024 and then 9 cents in FY 2025. Based on the current HomeCo Daily Needs share price of $1.24, this will mean yields of 6.5% and 7.25%, respectively.

The post Want big income? Buy these high-yield ASX dividend shares appeared first on The Motley Fool Australia.

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More reading

• Morgans says these high-yield ASX dividend stocks are buys
• Here are the top 10 ASX 200 shares today
• Aurizon share price charges higher on half-year earnings beat
• 3 ASX dividend shares for income investors to buy now
• Here are the top 10 ASX 200 shares today

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 recommended Aurizon and 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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