Are you on the lookout for some big dividend yields for your income portfolio? If you are, then you may want to take a closer look at the ASX dividend shares listed below.
That's because they have been named as buys and tipped to provide investors with 5% to 8% yields. Here's what you need to know about them:
Charter Hall Retail REIT (ASX: CQR)
Analysts at Citi are positive on the Charter Hall Retail REIT and see it as an ASX dividend share to buy.
It is a property company with a focus on supermarket anchored neighbourhood and sub-regional shopping centre markets.
The broker was pleased with Charter Hall Retail REIT's performance in FY 2024 and notes that its result on Friday was in line with expectations.
The broker has been forecasting dividends per share of approximately 28 cents per share in both FY 2024 and FY 2025. However, it is worth noting that the company has now revealed that it is paying 27.4 cents per share in FY 2024 and guided to 25.4 cents per share in FY 2025.
Nevertheless, based on the current Charter Hall Retail REIT share price of $3.58, this will still mean generous dividend yields of 7.65% and 7.1%, respectively.
Citi currently has a buy rating and $4.00 price target on its shares.
GDI Property Group Ltd (ASX: GDI)
Over at Bell Potter, its analysts think that GDI Property could be a high-yield ASX dividend share to buy.
It is a property owner and fund manager with investments in Sydney, Brisbane, Perth, South East Queensland, and North Queensland.
Bell Potter is expecting GDI Property to pay some big dividends in the coming years. It is forecasting dividends per share of 5 cents across FY 2024, FY 2025, and FY 2026. Based on the current GDI Property share price of 60 cents, this equates to dividend yields of 8.3% for the next three years.
The broker has a buy rating and 75 cents price target on its shares.
IPH Ltd (ASX: IPH)
Finally, Goldman Sachs is expecting some big dividend yields from IPH.
It is a leading intellectual property solutions company with operations across the globe.
Goldman likes IPH due to its defensive earnings and organic growth potential. It expects this to support the payment of fully franked dividends per share of 34 cents in FY 2024 and then 37 cents in FY 2025. Based on the current IPH share price of $6.10, this represents yields of 5.5% and 6.1%, respectively.
The broker has a buy rating and $8.70 price target on IPH's shares.
