These buy-rated ASX dividend stocks offer 6%+ yields

Brokers believe that big dividend yields are coming for buyers of these shares.

| More on:
A senior investor wearing glasses sits at his desk and works on his ASX shares portfolio on his laptop2

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Australian share market traditionally has an average dividend yield of approximately 4%.

Although that is a good yield, income investors don't have to settle for that. Not when there are ASX dividend stocks offering even more generous yields.

For example, the ASX dividend stocks that are listed below have been rated as buys by brokers and have been tipped to offer dividend yields of 6%+ in the near term. Here's what you need to know about these stocks:

APA Group (ASX: APA)

The first ASX dividend stock that could be a buy according to analysts is APA Group. It is a leading energy infrastructure company with a portfolio of high-quality, cash-generating assets.

The team at Macquarie is positive on the company and has an outperform rating and $8.23 price target on its shares.

As for dividends, the broker believes the company is well-placed to continue its long run of dividend increases. It is forecasting dividends per share of 57 cents in FY 2025 and then 57.5 cents in FY 2026. Based on the current APA Group share price of $7.65, this equates to dividend yields of 7.4% and 7.5%, respectively.

Inghams Group Ltd (ASX: ING)

The team at Morgans thinks that income investors should be buying this poultry producer's shares while they are down in the dumps. It likes Inghams due to its leadership position and attractive valuation.

The broker currently has an add rating and $3.66 price target on its shares.

Morgans also expects some generous dividend yields in the near term. It is forecasting fully franked dividends of 19 cents per share in both FY 2025 and FY 2026. Based on the current Inghams share price of $2.87, this equates to dividend yields of 6.6% for both years.

Rural Funds Group (ASX: RFF)

A third high-yield ASX dividend stock that has been named as a buy is Rural Funds. It is the owner of a portfolio of properties across a number of agricultural industries. These properties are leased to leading players in the industry on long term agreements.

Bell Potter is a fan of the company and has a buy rating and $2.50 price target on its shares.

In respect to dividends, the broker is forecasting dividends per share of 11.7 cents in FY 2025 and 12.2 cents in FY 2026. Based on the current Rural Funds share price of $1.95, this will mean yields of 6% and 6.2%, respectively.

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 Macquarie Group. The Motley Fool Australia has positions in and has recommended Apa Group, Macquarie Group, and Rural Funds Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

A young woman wearing overalls and a yellow t-shirt kicks one leg in the air showing excitement over the latest ASX 200 shares to hit 52-week highs
Share Gainers

Why Brickworks, James Hardie, Megaport, and OFX shares are charging higher today

These shares are having a good time on hump day. But why?

Read more »

A man with his back to the camera holds his hands to his head as he looks to a jagged red line trending sharply downward representing the ASX tech share sell-off today
Share Fallers

Why Insignia, Light & Wonder, Mineral Resources, and Nuix shares are sinking today

These shares are having a difficult time on hump day. But why?

Read more »

A view from the track behind a runner in the starting block.
Opinions

3 beginner-friendly ASX shares perfect for Aussie investors starting out in November

Here’s why I like the look of these ASX shares for beginners.

Read more »

A group of business people pump the air and cheer.
Mergers & Acquisitions

This ASX small-cap stock is exploding 75% on takeover news!

The takeover premium is large.

Read more »

Two brokers analysing stocks.
Broker Notes

Don't miss these changes to broker ratings on ASX shares

The verdicts are in.

Read more »

Happy man working on his laptop.
Share Market News

5 things to watch on the ASX 200 on Wednesday

Will the market return to form today? Let's find out.

Read more »

a young farmer stands back and admires his work in arranging bales of hay to form a house shape with two bales balancing against each other to form a roof, perched on bales tipped on their side in an abstract house shape on a freshly harvested paddock.
Best Shares

Top ASX shares to buy in November with the market near all-time highs

Our writers are still finding value in a record-breaking Australian share market.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors endured another day of selling this Tuesday.

Read more »