Are you looking for big dividend yields? If you are, then you may want to check out the two ASX income shares listed below.
That's because they are forecast to offer some very generous yields in the near term. Here's what income investors can expect from these shares:
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Charter Hall Retail REIT (ASX: CQR)
Citi thinks that this ASX income share could offer very big dividend yields in the near term, particularly given its "defensive underlying portfolio."
The Charter Hall Retail REIT is a property company with a focus on retail assets. These are predominantly supermarket-anchored neighbourhood and sub-regional shopping centres.
In respect to 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.
Citi has a buy rating and a $4.10 price target on its shares. This is 29% higher than where its shares currently trade.
MotorCycle Holdings Ltd (ASX: MTO)
Over at Morgans, its analysts think that this leading motorcycle dealership and accessories company would be a great option for income investors right now.
The broker currently sees significant value at current levels, highlighting that MotorCycle Holdings "continues to screen too cheap on ~6.5x FY24F PE."
In addition, its analysts continue to forecast juicy dividend yields from this ASX income share. They have pencilled in fully franked dividends per share of 20 cents in both FY 2024 and FY 2025. Based on the current MotorCycle Holdings share price of $2.21, this implies yields of 9%.
Morgans currently has an add rating and a $2.60 price target on its shares, which suggests almost 18% upside for investors.
