If you're an income investor looking for ASX dividend stocks to buy, then you may want to check out the two listed below.
Both have been named as buys by analysts and are tipped to offer big yields. Here's what you need to know about them:
Healthco Healthcare and Wellness REIT (ASX: HCW)
The first ASX dividend stock that has been named as a buy is Healthco Healthcare and Wellness REIT.
It is a health and wellness-focused real estate investment trust. The company currently has $1.7 billion of assets under management across 42 properties with 99% occupancy and a weighted average lease expiry of 12.5 years.
Morgans is positive on the company and has an add rating and a $1.72 price target on its shares.
As for dividends, the broker is forecasting dividends per share of 7.6 cents in FY 2023 and 8 cents in FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.33, this will mean dividend yields of 5.7% and 6%, respectively.
Super Retail Group Ltd (ASX: SUL)
Another ASX dividend stock that has tipped as a buy is Super Retail. It is the diversified retailer responsible for a number of popular brands including Rebel and Super Cheap Auto.
While the retail sector is a tough place to be right now, the team at Citi remain positive on Super Retail. This is because it thinks the company is "in a very solid position to manage the slowdown in the consumer environment given its excellent market positions in Auto and Sports and relatively low cyclicality of these categories."
Citi has a buy rating and a $14.50 price target on its shares.
In respect to dividends, the broker is forecasting fully franked dividends per share of 77 cents in FY 2023 and then 72 cents in FY 2024. Based on the latest Super Retail share price of $11.72, this will mean generous yields of 6.6% and 6.1%, respectively.
