Are you looking for some ASX dividend shares to buy next week?
If you are, it could be worth checking out the two shares listed below that Morgans currently rates as buys.
Here's what you need to know about these high-yield dividend shares:
Dexus Industria REIT (ASX: DXI)
The first ASX dividend share that could be a buy is industrial property company Dexus Industria.
Morgans likes the company due to its attractive yield and "solid underlying portfolio metrics and near/medium term growth opportunities via the development pipeline."
The broker expects the latter to underpin dividends per share of 16.4 cents in FY 2024 and 16.7 cents in FY 2025. Based on the current Dexus Industria share price of $2.65, this will mean dividend yields of 6.2% and 6.3%, respectively.
Morgans has an add rating and a $3.17 price target on its shares. This suggests an upside of 20% over the next 12 months.
Universal Store Holdings Ltd (ASX: UNI)
Another ASX dividend share that Morgans rates as a buy is youth fashion retailer Universal Store.
It likes Universal Store due to its positive outlook and cheap valuation. The broker highlights that "UNI's attractive array of medium-term growth prospects is undervalued at a single digit FY25 P/E."
As for income, Morgans is expecting some pretty juicy yields from its shares in the coming years. It has pencilled in fully franked dividends of 26 cents in FY 2024 and then 29 cents in FY 2025. Based on the latest Universal Store share price of $3.35, this equates to yields of 7.8% and 8.7%, respectively.
Morgans has an add rating and a $4.25 price target on its shares. This implies a potential upside of 27% from current levels.