If you're wanting to supercharge your passive income stream, then read on.
That's because listed below are three high-yield ASX dividend shares that could give your income portfolio a major boost.
Here's what you need to know about these shares:
Accent Group Ltd (ASX: AX1)
Bell Potter think that Accent Group could provide investors with a big dividend yields in the coming years. It is a retail conglomerate with a focus on the leisure footwear market. This includes with store brands such as HypeDC, Platypus, and The Athlete's Foot.
The broker believes the company is well-placed to navigate "a challenging retail spend environment" thanks to its "scale & exposure in terms of channels, brands & size."
It expects this to underpin fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the latest Accent share price of $1.95, this represents dividend yields of 6.7% and 7.5%, respectively.
Bell Potter has a buy rating and $2.50 price target on its shares.
APA Group (ASX: APA)
Over at Macquarie, its analysts think investors should be looking at APA Group. It is an energy infrastructure company that owns, manages, and operates a $27 billion portfolio of gas, electricity, solar and wind assets.
Macquarie believes the company is positioned to continue its long run of dividend increases. It is forecasting dividends per share of 56 cents in FY 2024 and then 57.5 cents in FY 2025. Based on the current APA Group share price of $7.88, this equates to 7.1% and 7.3% dividend yields, respectively.
Its analysts have an outperform rating and $9.40 price target on its shares.
Healthco Healthcare and Wellness REIT (ASX: HCW)
Finally, a third high-yield ASX dividend share that could supercharge your passive income stream according to analysts is Healthco Healthcare and Wellness REIT. It is a property company with a focus on health and wellness assets. This includes hospitals, aged care facilities, and primary care properties.
Bell Potter is positive on the company and highlights the sizeable discount to net tangible assets that its shares trade at. It sees this as a buying opportunity, especially given its expectation that Healthco Healthcare and Wellness REIT's dividend will continue to grow.
The broker is forecasting dividends per share of 8 cents in FY 2024 and then 8.3 cents in FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.12, this will mean yields of 7.1% and 7.4%, respectively.
Bell Potter has a buy rating and $1.50 price target on its shares.
