Are you looking for ASX dividend shares for your portfolio? If you are, the good news is that the Australian share market is home to a large number of quality options.
Two that analysts rate highly and are forecasting very big dividend yields from are listed below. Here's what you need to know about them:
Charter Hall Long WALE REIT (ASX: CLW)
The first high-yield ASX dividend share that could be a buy is the Charter Hall Long WALE REIT.
This REIT invests in high quality real estate assets that are predominantly leased to corporate and government tenants on long term leases. This includes several supermarket distribution centres, Bunnings stores, the Thales Australia head office, and a large collection telco exchanges.
Charter Hall highlights that the REIT has been designed to provide investors with stable and secure income and the potential for both income and capital growth through an exposure to long weighted average lease expiry (WALE) properties.
Citi is a fan of the company and is forecasting some big dividend yields in the near term. It is expecting dividends per share of 28 cents in FY 2023 and 29 cents in FY 2024. Based on the current Charter Hall Long Wale REIT share price of $4.08, this will mean yields of 6.85% and 7.1%, respectively.
Citi currently has a buy rating and $5.00 price target on its shares.
HomeCo Daily Needs REIT (ASX: HDN)
Another high-yield ASX dividend share that could be a buy is HomeCo Daily Needs.
As its name implies, this property investment company has a focus on daily needs assets. These are the type of assets you might visit every day, such as neighbourhood retail, large format retail, and health and services.
The team at Morgans is bullish on the company and believes it is well-placed to benefit from "accelerating click & collect trends" and its development pipeline.
It expects this to underpin dividends per share of 8.3 cents in FY 2023 and then 8.4 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.17, this will mean yields of 7.1% and 7.2%, respectively.
Morgans currently has an add rating and $1.50 price target on its shares.
