Are you on the lookout for generous dividend yields? Well, I have good news if you are!
Two ASX dividend stocks that have been named as buys and are expected to provide big yields are named below. Here's what analysts are forecasting:
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Healthco Healthcare and Wellness REIT (ASX: HCW)
Healthco Healthcare and Wellness could be an ASX dividend stock to buy according to analysts at Morgans.
It is a real estate investment trust that invests in healthcare and wellness assets such as hospitals, aged care, childcare, and primary care properties.
Morgans is a fan of the company and is forecasting some attractive dividend yields in the coming years. It expects dividends per share of approximately 8 cents in both FY 2023 and FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.36, this will mean yields of 5.9% for investors.
Morgans has an add rating and $2.05 price target on its shares.
National Australia Bank Ltd (ASX: NAB)
Another ASX dividend stock that has been named as a buy is big four bank, NAB.
The team at Goldman Sachs is positive on the bank in the current environment. Its analysts note that this is because they see "volume momentum over the next 12 months as favouring commercial volumes over housing volumes and we believe NAB provides the best exposure to this thematic."
Overall, the broker is expecting this exposure to underpin fully franked dividends of $1.66 per share in FY 2023 and FY 2024. Based on the current NAB share price of $26.19, this implies yields of 6.3% in both years.
Goldman Sachs has a buy rating and $30.69 price target on its shares.
