If you want to make some additions to your income portfolio this week, then it could be worth checking out the ASX dividend shares listed below.
That's because analysts are currently tipping them as buys and forecasting attractive yields. Here's what they are saying about them:
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Healthco Healthcare and Wellness REIT (ASX: HCW)
The first ASX dividend stock that could be a buy this week is Healthco Healthcare and Wellness REIT.
It is a leading health and wellness-focused property company with exposure to a diversified portfolio that is underpinned by attractive megatrends.
The team Bell Potter is positive on the company and has a buy rating and a $1.75 price target on its shares. It commented:
HCW's Healthscope transaction earlier this CY afforded the REIT a much more significant platform to grow from as the largest listed diversifed healthcare REIT with index inclusion into the ASX300 and a meaningful +$1b development pipeline to grow into go forward.
As for dividends, it is forecasting dividends per share of 8 cents in FY 2024 and 8.3 cents in FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.51, this will mean yields of 5.3% and 5.5%, respectively.
Universal Store Holdings Ltd (ASX: UNI)
Another ASX dividend stock that could be a buy this week is Universal Store.
Bell Potter is also a fan of the youth fashion retailer and has a buy rating and a $4.80 price target on its shares. It recently commented:
We maintain our BUY rating given the company's store roll-out & brand growth strategy, margin expansion via private label product penetration (currently ~45%) and earnings trajectory through to FY25.
As for income, Bell Potter is forecasting fully franked dividends of 21.6 cents in FY 2024 and then 27.6 cents in FY 2025. Based on the latest Universal Store share price of $3.99, this equates to yields of 5.4% and 6.9%, respectively.
