Are these high-yield ASX dividend stocks must buys?

Big yields could be on offer with these shares.

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Are you searching for ASX dividend stocks to buy for an income boost?

If you are, then it could be a good idea to check out the two listed below that analysts at Morgans rate highly.

Here's what they are expecting from these dividend stocks:

Dexus Industria REIT (ASX: DXI)

Morgans thinks that Dexus Industria could be an ASX dividend stock to buy. It is a real estate investment trust with a focus on high-quality industrial warehouses.

The broker recently revealed that it is expecting some big yields in the near term. It 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 $2.70, this will mean dividend yields of 6.1% and 6.3%, respectively.

Morgans has an add rating and a $3.19 price target on its shares. This suggests a potential upside of 18% from current levels.

Universal Store Holdings Ltd (ASX: UNI)

Another ASX dividend stock that Morgans is tipping to offer big dividend yields is Universal Store. It is the youth fashion retailer behind brands including Universal Store, Perfect Stranger, and Thrills.

Its analysts are expecting the retailer to pay fully franked dividends per share of 26 cents in FY 2024 and 29 cents in FY 2025. Based on the current Universal Store share price of $3.51, this will mean yields of 7.4% and 8.25%, respectively.

In addition, Morgans feels "UNI's attractive array of medium-term growth prospects is undervalued at a single digit FY25 P/E."

It currently has an add rating and a $4.25 price target on its shares, which implies a potential upside of 21% for investors over the next 12 months.

Motley Fool contributor James Mickleboro has positions in Universal Store. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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