If you're looking for big dividend yields, then take a look at the ASX dividend stocks listed below.
That's because analysts at Morgans have named them as buys and tipped them to offer above-average yields.
Here's what you need to know:
Image source: Getty Images
Dexus Industria REIT (ASX: DXI)
The first ASX dividend stock that Morgans thinks is a buy is Dexus Industria. It is a real estate investment trust with a focus on industrial warehouses. Its analysts have an add rating and a $3.19 price target on its shares.
In respect to income, Morgans is forecasting dividends per share of 16.4 cents in FY 2024 and 17 cents in FY 2025. Based on the current Dexus Industria share price of $2.74, this will mean dividend yields of 6% and 6.2%, respectively.
MotorCycle Holdings Ltd (ASX: MTO)
Morgans also thinks that this motorcycle dealership and accessories company could be an ASX dividend stock to buy this month. Its analysts highlight that it "continues to screen too cheap on ~6.5x FY24F PE." The broker currently has an add rating and a $2.60 price target on its shares.
As for dividends, Morgans is forecasting fully franked dividends per share of 20 cents in both FY 2024 and FY 2025. Based on the current MotorCycle Holdings share price of $2.14, this implies big yields of 9.3%.
Universal Store Holdings Ltd (ASX: UNI)
A final ASX dividend stock that Morgans is tipping as a buy is Universal Store. It is the youth fashion retailer behind the eponymous Universal Store brand. In addition, it owns the Perfect Stranger, Thrills, and Worship brands. Morgans has an add rating and a $4.25 price target on its shares.
In addition, the broker is forecasting fully franked dividends per share of 26 cents in FY 2024 and 29 cents in FY 2025. Based on the current Universal Store of $3.57, this will mean yields of 7.3% and 8.1%, respectively.
