If you're on the lookout for some big yields, then it could be worth checking out the ASX dividend shares listed below.
Here's what analysts are saying about these buy-rated shares:
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Dexus Convenience Retail REIT (ASX: DXC)
Bell Potter thinks that this convenience focused property company could be an ASX dividend share to buy right now.
This is due to its attractive valuation and generous forecast dividend yields. It explains:
DXC offers one of the most attractive risk-adjusted propositions in the sector trading at an all time low c.37% discount to NTA, a FY24e DPS yield of 8.7% [now 8.1%] based on the mid-point guidance range despite lower sub-sector volatility where assets continue to transact providing price discovery and balance sheet comfort. Only office-centric REITs trade on wider metrics.
Bell Potter is forecasting dividends per share of 20.9 cents in FY 2024 and 20.5 cents in FY 2025. Based on its current share price of $2.59, this equates to yields of 8.1% and 7.9%, respectively.
The broker has a buy rating and $2.85 price target on its shares.
Universal Store Holdings Ltd (ASX: UNI)
Over at Morgans, its analysts believe that youth fashion retailer Universal Store could be a buy. It thinks the company's shares are good value given its positive growth outlook. It said:
UNI's attractive array of medium-term growth prospects is undervalued at a single digit FY25 P/E. We reiterate our ADD rating and increase our target price.
In addition, Morgans 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, this will mean yields of 5.9% and 6.6%, respectively.
Its analysts have an add rating and $4.55 price target on its shares.
