Are you searching for ASX dividend shares to buy with big dividend yields when the market reopens?
If you are then I have some good news for you. Listed below are a couple of dividend shares analysts think are top buys and expect big yield from in the coming years.
Here's what they are saying about them:
Image source: The Motley Fool
Healthco Healthcare and Wellness REIT (ASX: HCW)
The team at Bell Potter thinks that this healthcare and wellness focused property company could be an ASX dividend share to buy. The broker has an add rating and $1.61 price target on its shares.
As for dividends, its analysts are forecasting dividends of 8 cents per share in both FY 2024 and FY 2025. Based on its current share price of $1.27, this will mean yields of 6.3% for investors.
The broker likes the company due its attractive valuation and huge addressable market. It notes that "HCW has significant scope for growth with an estimated $218 billion addressable market where an ageing and growing population should underpin long-term sector demand."
QBE Insurance Group Ltd (ASX: QBE)
Another ASX dividend share to look at is QBE. Goldman Sachs is a fan of the insurance giant and has a buy rating and $18.65 price target on its shares.
As for income, the broker is forecasting dividends of 62 US cents per share in FY 2024 and 61 US cents per share in FY 2025. Based on the current QBE share price of $18.13, this equates to yields of 5.25% and 5.2%, respectively.
Goldman likes QBE because it "has the strongest exposure to the commercial rate cycle." It also feels its "valuation [is] not demanding."
