Are you searching for big dividend yields? If you are, then read on because listed below are two ASX dividend stocks that offer investors very generous yields.
Here's what you need to know about these ASX dividends stocks:
HomeCo Daily Needs REIT (ASX: HDN)
The first high-yield ASX dividend stock that could be a buy is HomeCo Daily Needs. It invests in properties that you might visit every day such as neighbourhood retail, large format retail, and health and services.
Morgans believes the company is well-placed to continue rewarding shareholders with some big dividend yields in the near term. Particularly given its lucrative development pipeline and structural tailwinds.
The broker is expecting this to lead to 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 $1.18, this will mean huge yields of 7.1% and 7.2%, respectively.
Morgans has an add rating and a $1.50 price target on its shares.
Vanguard Australian Shares High Yield ETF (ASX: VHY)
Another high-yield option for income investors to consider is the Vanguard Australian Shares High Yield ETF.
This popular ETF gives investors access to a diverse group of ASX dividend stocks that have higher-than-average forecast dividends based on broker research. This makes it a great option if you don't have sufficient funds to build a truly diverse portfolio.
Among its 72 holdings are dividend stocks such as BHP Group Ltd (ASX: BHP), Coles Group Ltd (ASX: COL), Commonwealth Bank of Australia (ASX: CBA), Rio Tinto Ltd (ASX: RIO), and Telstra Corporation Ltd (ASX: TLS).
At present, the Vanguard Australian Shares High Yield ETF trades with an estimated forward dividend yield of 5.5%.
