If you’re wanting to supercharge your passive income stream, then read on.
That’s because listed below are three high-yield ASX dividend shares that could give your income portfolio a major boost.
Here’s what you need to know about these shares:
Accent Group Ltd (ASX: AX1)
Bell Potter think that Accent Group could provide investors with a big dividend yields in the coming years. It is a retail conglomerate with a focus on the leisure footwear market. This includes with store brands such as HypeDC, Platypus, and The Athlete’s Foot.
The broker believes the company is well-placed to navigate “a challenging retail spend environment” thanks to its “scale & exposure in terms of channels, brands & size.”
It expects this to underpin fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the latest Accent share price of $1.95, this represents dividend yields of 6.7% and 7.5%, respectively.
Bell Potter has a buy rating and $2.50 price target on its shares.
APA Group (ASX: APA)
Over at Macquarie, its analysts think investors should be looking at APA Group. It is an energy infrastructure company that owns, manages, and operates a $27 billion portfolio of gas, electricity, solar and wind assets.
Macquarie believes the company is positioned to continue its long run of dividend increases. It is forecasting dividends per share of 56 cents in FY 2024 and then 57.5 cents in FY 2025. Based on the current APA Group share price of $7.88, this equates to 7.1% and 7.3% dividend yields, respectively.
Its analysts have an outperform rating and $9.40 price target on its shares.
Healthco Healthcare and Wellness REITÂ (ASX: HCW)
Finally, a third high-yield ASX dividend share that could supercharge your passive income stream according to analysts is Healthco Healthcare and Wellness REIT. It is a property company with a focus on health and wellness assets. This includes hospitals, aged care facilities, and primary care properties.
Bell Potter is positive on the company and highlights the sizeable discount to net tangible assets that its shares trade at. It sees this as a buying opportunity, especially given its expectation that Healthco Healthcare and Wellness REIT’s dividend will continue to grow.
The broker is forecasting dividends per share of 8 cents in FY 2024 and then 8.3 cents in FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.12, this will mean yields of 7.1% and 7.4%, respectively.
Bell Potter has a buy rating and $1.50 price target on its shares.
The post 3 high-yield ASX dividend shares to supercharge your passive income stream appeared first on The Motley Fool Australia.
Should you invest $1,000 in Apa Group right now?
Before you buy Apa Group shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Apa Group wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
See The 5 Stocks
*Returns as of 10 July 2024
More reading
- 2 cheap ASX shares near their lows I’m thinking of buying now
- Buy these ASX dividend shares for 5% to 7% yields
- Could this ASX dividend share offer a huge 11% yield in 2026?
- Analysts say these ASX dividend shares are top picks in July
- Forget CBA and buy these ASX dividend stocks
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 positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Apa Group and Macquarie Group. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Leave a Reply