If you're looking for a passive income boost, then you may want to check out the ASX dividend stocks listed below.
Brokers have tipped these stocks to offer investors big dividend yields this year and next. Here's what you need to know about them:
Healthco Healthcare and Wellness REIT (ASX: HCW)
The first ASX dividend stock to consider is the Healthco Healthcare and Wellness REIT.
As you might have guessed from its name, it is a health and wellness focused real estate investment trust. It invests in properties such as hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness.
The team at Morgans is positive on the company and is expecting some attractive dividend yields from its shares in the near term.
The broker is forecasting dividends per share of 7.5 cents in FY 2023 and then 7.8 cents FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.35, this will mean yields of 5.55% and 5.8% for investors.
Morgans also sees plenty of upside for its shares. It currently has an add rating and $2.06 price target on them.
Universal Store Holdings Ltd (ASX: UNI)
This youth fashion retailer could also be an ASX dividend stock to buy. That's the view of analysts at Goldman Sachs, which are particularly positive on the investment opportunity here.
The broker is bullish due to Universal Store's expansion opportunities and exposure to younger consumers, which it expects to continue spending largely as normal in the current environment. This is because a "high proportion [of its customer base] live at home" and stand to benefit from "high and increasing minimum wage entitlements."
As for dividends, the broker is forecasting fully franked dividends of 24 cents in FY 2023 and 31 cents in FY 2024. Based on the latest Universal Store share price of $4.70, this equates to yields of 5.1% and 6.6%, respectively.
This morning, Goldman Sachs reiterated its buy rating with a $7.45 price target. This implies material upside for its shares.
