Are you on the lookout for some bigger-than-average dividend yields?
If you are, then you may want to check out the two ASX shares listed below that are forecast to offer some very generous yields in the near term.
Here's what income investors can expect from these shares:
Charter Hall Retail REIT (ASX: CQR)
The first ASX share that could offer a big dividend yield is the Charter Hall Retail REIT.
This property company has a focus on retail assets. These are predominantly supermarket-anchored neighbourhoods and sub-regional shopping centres.
The team at Citi like the company due to its "defensive underlying portfolio." Citi currently has a buy rating and a $4.10 price target on its shares.
As for income, Citi is expecting the company to pay dividends per share of 25.8 cents in FY 2024 and 26.5 cents in FY 2025. Based on the current Charter Hall Retail share price of $3.17, this will mean 8.1% and 8.35%, respectively, for investors.
Healthco Healthcare and Wellness REIT (ASX: HCW)
Another ASX share with a big dividend yield that has been named as a buy is Healthco Healthcare and Wellness REIT.
It is a real estate investment trust with a focus on health and wellness assets. This includes hospitals, aged care, childcare, government, life sciences & research, and primary care & wellness property assets. At the last count, it had $1.6 billion of assets under management across 36 properties with 99% occupancy and a weighted average lease expiry of 12 years.
Morgans is positive on the company and has an add rating and a $1.67 price target on its shares.
As for dividends, the broker is forecasting dividends per share of 8 cents in FY 2024 and FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.48, this will mean dividend yields of 5.4%.
