If you want some big dividend yields then look no further than the two ASX dividend shares named below.
That's because brokers expect these shares to provide great yields this year and next. Here's what analysts are forecasting:
Stockland Corporation Ltd (ASX: SGP)
The first ASX dividend share that could be a buy is Stockland. It is a residential and land lease developer and retail, logistics, and office real estate property manager.
Citi continues to rate Stockland as its "preferred exposure among the residential landlords." This is due to its "view of a better-than-market expected residential cycle and strong growth in the non-residential portions of the business."
Its analysts expect this to underpin dividends per share of 27 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $3.73, this will mean sizeable yields of 7.2% in both financial years.
Citi has a buy rating and a $5 price target on its shares.
Tourism Holdings Ltd (ASX: THL)
Another ASX dividend share that has been given the thumbs up is Tourism Holdings. It is the largest commercial recreational vehicle rental operator in the world.
Morgans believes its shares are cheap based on its earnings estimates and leadership position. It recently said:
THL is trading on a recovery year (FY25) PE of only 9.3x, which is attractively priced for a global, market leader. We maintain an Add rating.
Morgans is also expecting some attractive dividend yields. It is forecasting dividends per share of 15 cents in FY 2024 and 17.6 cents in FY 2025. Based on the current Tourism Holdings share price of $3.14, this would mean yields of 4.8% and 5.6%, respectively.
The broker has an add rating and a $5.02 price target on its shares.