Experts name 2 ASX dividend shares to buy with big yields

These dividend shares offer investors big yields…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you're looking for dividend shares with big yields, then you may want to look at the two listed below.

Here's why analysts rate these ASX dividend shares as buys:

A mature aged man with grey hair and glasses holds a fan of Australian hundred dollar bills up against his mouth and looks skywards with his eyes as though he is thinking what he might do with the cash.

Image source: Getty Images

Dexus Industria REIT (ASX: DXI)

The first ASX dividend share that has been rated as a buy is Dexus Industria.

It is an industrial and office focused property company, formerly known as APN Industria, that owns interests in office and industrial properties.

Morgans is bullish on Dexus Industria and has an add rating with a $3.65 price target on its shares. Its analysts like company due to its solid underlying portfolio metrics and positive medium term growth outlook thanks to its development pipeline.

As for dividends, Morgans is forecasting dividends per share of 17.3 cents in FY 2022 and 17.6 cents in FY 2023. Based on the latest Dexus Industria share price of $2.74, this will mean yields of 6.3% and 6.4%, respectively.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share that has been tipped to provide investors with a big dividend yield is Super Retail. It is the retail conglomerate behind the BCF, Macpac, Rebel, and Supercheap Auto businesses.

The team at Citi remain positive on Super Retail and believe concerns over its inventory position have been "significantly overplayed." In light of this, the broker continues to "view Super Retail as oversold" and has retained its buy rating.

In respect to dividends, Citi is expecting fully franked dividends of 66 cents per share in FY 2022 and 64 cents per share in FY 2023. Based on the current Super Retail share price of $9.28, this will mean yields of 7.1% and 6.9%, respectively.

Citi has a buy rating and $14.00 price target on its shares.

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 Super Retail Group Limited. The Motley Fool Australia has positions in and has recommended Super Retail Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Dividend Investing

1 ASX dividend stock down 30% I'd buy right now

This business is trading at a great price with a good dividend yield…

Read more »

Woman laying with $100 notes around her, symbolising dividends.
Dividend Investing

How much could a $50,000 ASX share portfolio pay in dividends?

Dividend investing can turn an ASX portfolio into a growing income stream.

Read more »

A boy is about to rocket from a copper-coloured field of hay into the sky.
Dividend Investing

2 ASX income stocks with rocketing dividends

For me, dividend growth trumps yield.

Read more »

An older couple use a calculator to work out what money they have to spend.
Dividend Investing

100,720 shares of this high-yield ASX dividend stock pay income equal to the Age Pension

Generating a full income from dividends sounds appealing, but how much do you actually need?

Read more »

Australian dollar notes in businessman pocket suit, symbolising ex dividend day.
Dividend Investing

2 ASX shares with dividend yields above 7%

Large yields could be very appealing right now.

Read more »

A woman has a thoughtful look on her face as she studies a fan of Australian 20 dollar bills she is holding on one hand while he rest her other hand on her chin in thought.
Dividend Investing

1 ASX dividend stock down 50% I'd buy

This ASX dividend stock has been under pressure. But looking ahead, there are signs the story could be starting to…

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Share Market News

How much do I need to invest in ASX shares to earn a $500 monthly passive income?

A $500 per month passive income is more achievable than you'd think.

Read more »

Growth of ASX share price represented by tiny beans stalk shooting up into the sky
Dividend Investing

3 ASX dividend shares I'd hold through anything

This trio has scale, resilience, and cash flow to endure market cycles.

Read more »