There are many ASX dividend shares for income investors to choose from on the Australian share market.
Two that have been rated as buys and tipped to offer big dividend yields in the near term are named below.
Here's what analysts are forecasting from them:
Aurizon Holdings Ltd (ASX: AZJ)
The first ASX dividend share that could be a buy according to analysts is Aurizon.
It is a national rail and road network operator which connects miners, primary producers, and industry with international and domestic markets.
Ord Minnett is positive on Aurizon and earlier this month put an accumulate rating and $4.70 price target on its shares.
In respect to dividends, the broker is forecasting partially franked dividends of 17.8 cents per share in FY 2024 and then 24.3 cents per share in FY 2025. Based on the latest Aurizon share price of $3.97, this will mean yields of 4.5% and 6.1%, respectively.
HomeCo Daily Needs REIT (ASX: HDN)
Another ASX dividend share that analysts have named as a buy is HomeCo Daily Needs.
It is a property investment company with a focus on convenience-based assets. These are assets found across neighbourhood retail, large format retail, and health and services.
In response to its half-year results release this month, the team at Morgans has retained its add rating and $1.37 price target. The broker believes the company is positioned to benefit from "accelerating click & collect trends" and its development pipeline.
Morgans continues to forecast some big dividend yields in the near term. It expects dividends per share of 8 cents in FY 2024 and then 9 cents in FY 2025. Based on the current HomeCo Daily Needs share price of $1.24, this will mean yields of 6.5% and 7.25%, respectively.
