Looking for ASX dividend shares to buy for your income portfolio? If you are, then you may want to check out the two listed below that have been named as buys and tipped to offer big yields.
Here's what analysts are saying about them:
ANZ Group Holdings Ltd (ASX: ANZ)
The first ASX dividend share that has been named as a buy is big four bank, ANZ Bank.
Analysts at Citi are particularly bullish on the banking giant and have named it as their top pick in the sector. This is due to the broker's belief that lending momentum, particularly in institutional, will continue to differentiate it versus peers.
All in all, its analysts expect this to support core earnings momentum and dividend growth in the coming years.
For example, Citi is forecasting fully franked dividends of $1.66 per share in FY 2023 and then $1.76 per share in FY 2024. Based on the current ANZ share price of $23.98, this will mean yields of 6.9% and 7.3%, respectively.
Citi has a buy rating and $29.25 price target on the bank's shares.
Healthco Healthcare and Wellness REIT (ASX: HCW)
Another ASX dividend share that has been tipped as a buy for income investors is Healthco Healthcare and Wellness.
It is a real estate investment trust with a mandate to invest in healthcare and wellness assets. This includes assets such as hospitals, aged care, childcare, government, life sciences and research, and primary care.
The team at Morgans is positive on the company and is expecting some generous yields from its shares in the coming years.
For example, it is forecasting dividends per share of 7.5 cents in FY 2023 and 7.8 cents in FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.39, this will mean yields of 5.4% and 5.6%, respectively, for income investors.
Morgans has an add rating and $2.06 price target on its shares.
