There are lots of great options for income investors on the Australian share market. But which high-yield ASX dividend shares could be in the buy zone this week?
Two that analysts are tipping as buys for a big income boost are listed below. Here's what they are saying about them:
Clearview Wealth Ltd (ASX: CVW)
The first ASX dividend share that brokers are bullish on is Clearview Wealth. It is a life insurance business that partners with financial advisers to help Australians protect their wealth.
At the last count, Clearview Wealth was managing over $370 million of in-force premiums and had relationships with over 1,000 Australian Financial Services Licensees.
The team at Morgans is feeling very positive about the company. This is partly due to its transformation program, which it expects to underpin strong earnings per share growth. The broker said:
CVW's significant multiyear Business Transformation Program has, in our view, shown clear signs of driving improved growth and profitability in recent years. We expect further benefits to flow from this program in the near term, and we see CVW's FY26 key business targets as achievable. With a robust balance sheet, and with our expectations for ~21% EPS CAGR over the next three years, we see CVW's current ~11x FY25F PE multiple as undemanding.
Morgans expects this to support fully franked dividends of 3.6 cents per share in FY 2025 and 4.3 cents per share in FY 2026. Based on the current Clearview share price of 55 cents, this would mean dividend yields of 6.5% and 7.8%, respectively.
The broker has an add rating and 81 cents price target on its shares.
Dexus Convenience Retail REIT (ASX: DXC)
Another ASX dividend share to look at is the Dexus Convenience Retail REIT. It owns a high quality portfolio of Australian service stations and convenience retail assets.
These are predominantly found on Australia's eastern seaboard and are leased to leading Australian and international convenience retail tenants with a long lease expiry profile and contracted annual rent increases.
Analysts at Bell Potter rate the company highly and expect big dividend yields in the coming years. They said:
DXC is one of our preferred ways to play externally managed REITs given its high distribution yield (+7%), but with valuation confidence, yet the stock trading at a c.21% discount to NTA despite c.10% of the portfolio having been recycling in the last 12m, and price discovery only as recent as this month for the majority, we see a low-risk double digit total return opportunity where other REITs are likely to still be cycling either cap rate expansion and/or earnings downside. With strong price discovery, and operator reinvestment into the sector we see a positive outlook ahead for DXC.
Bell Potter expects this to support the payment of dividends per share of 20.6 cents in FY 2025 and then 21 cents in FY 2026. Based on its current share price of $3.02 this implies dividend yields of 6.8% and 7%, respectively.
The broker has a buy rating and $3.10 price target on its shares.
