If you're looking for income options, then it could be worth listening to what analysts at Morgans are saying about the three ASX dividend shares listed below.
Here's what the broker is expecting from them:
Healthco Healthcare and Wellness REIT (ASX: HCW)
The first ASX dividend share that Morgans is positive on is the Healthco Healthcare and Wellness REIT. It is a real estate investment trust that invests in hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness properties.
Morgans believes the company can increase its dividend in the coming years. It 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 $1.36, this will mean dividend yields of 5.6% and 5.9%, respectively.
Morgans has an add rating and a $1.72 price target on them.
Dexus Industria REIT (ASX: DXI)
Another ASX dividend share that Morgans thinks is a buy is Dexus Industria. It is a real estate investment trust with a focus on industrial warehouses.
Morgans is forecasting dividends per share of 16.4 cents in FY 2023 and 16.6 cents in FY 2024. Based on the current Dexus Industria share price of $2.76, this will mean dividend yields of 5.9% and 6%, respectively.
Its analysts have an add rating and a $3.30 price target on its shares.
Westpac Banking Corp (ASX: WBC)
A third and final ASX dividend share Morgans rates as a buy is big four bank Westpac.
Morgans is positive on the banking giant due to its belief that it has the best return on equity improvement potential among the big four.
It is also expecting some big yields from the bank's shares in the near term. The broker is forecasting fully franked dividends of $1.49 per share in FY 2023 and $1.52 per share in FY 2024. Based on the current Westpac share price of $21.98, this will mean yields of 6.8% and 6.9%, respectively.
Morgans has an add rating and a $24.22 price target on its shares.
