If you want to boost your income portfolio, then it could be worth checking out the high-yield ASX dividend shares listed below that analysts at Morgans rate as buys.
Here's what they are saying about them:
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Dexus Industria REIT (ASX: DXI)
The first ASX dividend share that Morgans rates as a buy is Dexus Industria. It is a real estate investment trust with a focus on industrial warehouses.
Morgans currently has an add rating and a $3.18 price target on its shares.
As for income, the broker is forecasting dividends per share of 16.4 cents in FY 2024 and 16.6 cents in FY 2025. Based on the current Dexus Industria share price of $2.81, this will mean dividend yields of 5.8% and 5.9%, respectively.
MotorCycle Holdings Ltd (ASX: MTO)
Morgans also thinks that this leading motorcycle dealership company could be an ASX dividend share to buy.
Its analysts see a lot value in its shares, highlighting that its share price "continues to screen too cheap on ~6.5x FY24F PE." Morgans has an add rating and a $2.60 price target on its shares.
In respect to dividends, the broker is expecting the company to pay fully franked dividends per share of 20 cents in both FY 2024 and FY 2025. Based on the current MotorCycle Holdings share price of $1.88, this implies yields of 10.6%.
Universal Store Holdings Ltd (ASX: UNI)
A final ASX dividend share that Morgans rates highly is youth fashion retailer Universal Store.
The broker believes that "UNI's attractive array of medium-term growth prospects is undervalued at a single digit FY25 P/E." Its analysts have an add rating and a $4.55 price target on its shares.
In addition, it is forecasting fully franked dividends per share of 26 cents in FY 2024 and 29 cents in FY 2025. Based on the current Universal Store of $4.10, this will mean yields of 6.3% and 7.1%, respectively.
