If you're on the lookout for an income boost, then it could pay to look closely at the ASX shares listed below.
Analysts are feeling very positive about these income options and recently put buy ratings on their shares.
Here's what sort of yields you can expect from them in the near term:
Deterra Royalties Ltd (ASX: DRR)
The team at Morgan Stanley thinks that Deterra Royalties could be an ASX income share to buy.
Deterra Royalties is focused on the management and growth of a portfolio of royalty assets across a range of commodities. Its cornerstone asset is Mining Area C iron ore mine, which is operated by BHP Group Ltd (ASX: BHP) in the Pilbara region of Western Australia.
Morgan Stanley believes its portfolio leaves the company well-placed to pay some big dividends to shareholders in the near term.
The broker is forecasting fully franked dividends per share of 37 cents in FY 2024 and 34 cents in FY 2025. Based on the current Deterra Royalties share price of $4.88, this will mean dividend yields of 7.6% and 7%, respectively.
Morgan Stanley has an overweight rating and $5.65 price target on its shares.
HomeCo Daily Needs REIT (ASX: HDN)
Another ASX income share that has been given the thumbs up by analysts is HomeCo Daily Needs.
It is an Australian real estate investment trust with a mandate to invest in convenience-based assets across the target sub-sectors of neighbourhood retail, large format retail, and health and services.
HomeCo Daily Needs REIT aims to provide shareholders with consistent and growing distributions.
The team at Morgans believes the company will deliver on this goal. This is thanks partly to "accelerating click & collect trends" and its development pipeline.
Its analysts are expecting 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 $1.27, this will mean yields of 6.3% and 7.3%, respectively.
Morgans has an add rating and $1.37 price target on the company's shares.
