Buy Telstra and these high-yield ASX dividend shares

Analysts think these income options could be top buys right now.

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Are you looking for ASX dividend shares to buy for an income boost?

If you are, then it could be a good idea to check out the three listed below that analysts rate highly.

Here's what brokers are expecting from these buy-rated ASX dividend shares in the near term:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX dividend share to look at is Aurizon.

It is Australia's largest rail freight operator. It connects miners, primary producers, and industry with international and domestic markets through its extensive national rail and road network.

Ord Minnett is positive on the company and has an accumulate rating and a $4.70 price target on its shares.

As for dividends, it is expecting a partially franked dividend of 17.8 cents per share in FY 2024 and then 24.3 cents per share in FY 2025. Based on the current Aurizon share price of $3.92, this equates to yields of 4.5% and 6.2%, respectively.

HomeCo Daily Needs REIT (ASX: HDN)

HomeCo Daily Needs could be another ASX dividend share to buy this month.

It is a property company with a focus on neighbourhood retail, large format retail, and health and services.

Morgans is a fan of the company and is forecasting some particularly large dividend yields from its shares.

The broker is 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 $1.22, this will mean juicy yields of 6.5% and 7.4%, respectively.

Morgans has an add rating and a $1.37 price target on its shares.

Telstra Group Ltd (ASX: TLS)

A third ASX dividend share that could be a buy is Telstra. It is of course Australia's leading telecommunications company.

The team at Goldman Sachs remains very positive on the company. It recently stated that its analysts "believe the low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business, is attractive."

Speaking of dividend growth, the broker is expecting some attractive fully franked yields from its shares in the near term thanks to recent share price weakness.

It is forecasting fully franked dividends of 18 cents per share in FY 2024 and then 19 cents per share in FY 2025. Based on the current Telstra share price of $3.68, this equates to fully franked yields of 4.9% and 5.15%, respectively.

Goldman currently has a buy and $4.55 price target on its shares.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Aurizon and HomeCo Daily Needs REIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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