Buy these ASX dividend shares with 5%+ yields

Analysts are tipping these shares as buys for income investors.

| More on:
A couple sits in their lounge room with a large piggy bank on the coffee table. They smile while the male partner feeds some money into the slot while the female partner looks on with an iPad style device in her hands as though they are budgeting.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you wanting some high-yield ASX dividend shares to boost your income portfolio? If you are, then check out the two listed below that have been named as buys.

Here's what analysts are expecting from them in the near term:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX dividend share that analysts are positive on is Aurizon.

It is a rail freight operator that transports more than 250 million tonnes of Australian commodities each year through a vast network.

The team at Macquarie is bullish on Aurizon and has an outperform rating and a $4.04 price target on its shares.

In respect to dividends, the broker is expecting partially franked dividends of 18.4 cents per share in FY 2024 and then 25.1 cents per share in FY 2025. Based on the latest Aurizon share price of $3.51, this will mean dividend yields of 5.2% and 7.15%, respectively.

Healthco Healthcare and Wellness REIT (ASX: HCW)

Another ASX dividend share that analysts have named as a buy is Healthco Healthcare and Wellness REIT.

It is a leading health and wellness-focused real estate investment trust with exposure to a diversified portfolio underpinned by attractive megatrends.

Morgans is positive on the company and has an add rating and a $1.67 price target on its shares.

As for income, it is forecasting dividends per share of 8 cents in both FY 2024 and FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.43, this will mean yields of 5.6% in both years.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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 recommended Aurizon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

A young woman holds onto her crown as another moves to take it, indicating rival ASX shares
Resources Shares

Can BHP stock regain its dividend crown?

Let’s dig into the passive income potential of this company.

Read more »

Woman chooses vegetables for dinner, smiling and looking at camera.
Dividend Investing

Buy Coles and these ASX dividend stocks

Brokers think these shares are in the buy zone right now. But why?

Read more »

A woman looks questioning as she puts a coin into a piggy bank.
Dividend Investing

An ASX dividend giant I'd buy over ANZ shares for 2024

ANZ would not be my first pick for passive income.

Read more »

Woman holding $50 and $20 notes.
Dividend Investing

Analysts think these high-yield ASX dividend shares are buy in May

Income investors might want to check out these top stocks.

Read more »

A woman relaxes on a yellow couch with a book and cuppa, and looks pensively away as she contemplates the joy of earning passive income.
Dividend Investing

4 excellent ASX dividend shares to buy in May

Analysts have put buy rating on these stocks and are forecasting attractive dividend yields.

Read more »

A man in a suit smiles at the yellow piggy bank he holds in his hand.
Dividend Investing

Buy NAB and these ASX 200 dividend stocks

Analysts have recently slapped buy ratings on these income options.

Read more »

Woman with $50 notes in her hand thinking, symbolising dividends.
Dividend Investing

Here's the Wesfarmers dividend forecast through to 2028

Want to know how big the Wesfarmers dividends might be? Let’s find out…

Read more »

A young female investor sits in her home office looking at her ipad and smiling as she sees the QBE share price rising
Dividend Investing

3 ASX dividend stocks that brokers rate as buys

Should income investors be buying these stocks this week?

Read more »