Are you looking to boost your income with some big dividend yields? If you are, then you may want to check out the ASX dividend stocks named below.
Analysts have named them as buys and are tipping them to provide investors with yields of 6%+ in the near term. Here's what you need to know about them:
APA Group (ASX: APA)
APA Group could be an ASX dividend stock to buy.
It is a leading Australian energy infrastructure business that owns and/or operates a $26 billion portfolio of gas, electricity, solar, and wind assets.
Last month, it released its full year results and reported underlying EBITDA of $1,893 million. This was in line with guidance and an increase of 9.7% on FY 2023. Management notes that this was underpinned by a solid performance from the east coast gas expansion and an eight-month contribution from Pilbara Energy, which has performed in line with its acquisition business case.
In response, Macquarie put an outperform rating and $8.47 price target on its shares.
As for income, it believes APA Group will continue its long run of dividend increases and pay dividends of 57 cents per share in FY 2025 and then 58.5 cents per share in FY 2026. Based on the current APA Group share price of $7.76, this equates to 7.3% and 7.5% dividend yields, respectively.
GDI Property Group Ltd (ASX: GDI)
Another ASX dividend stock that could be a buy is GDI Property. It is a property owner and fund manager with investments across Sydney, Brisbane, Perth, South East Queensland, and North Queensland.
Bell Potter is positive on the company and believes it continues to "screen attractively from a sector-relative basis value perspective." The broker has a buy rating and 80 cents price target on its shares.
As for dividends, it expects GDI Property to keep its dividend on hold at 5 cents per share through to at least FY 2027. Based on the current GDI Property share price of 66 cents, this will mean dividend yields of 7.5%.
HomeCo Daily Needs REIT (ASX: HDN)
HomeCo Daily Needs could be another ASX dividend stock to buy. It is a property company with a focus on neighbourhood retail, large format retail, and health and services.
Morgans likes the company due to its shift in focus from large format retail to daily needs. It believes this leaves it well-placed for the future. As a result, it recently put an add rating and $1.36 price target on its shares.
It also expects this shift to underpin dividends per share of 8.5 cents in FY 2025 and then 8.7 cents in FY 2026. Based on the current HomeCo Daily Needs share price of $1.26, this will mean yields of 6.7% and 6.9%, respectively.
