Income investors that are on the lookout for larger than average dividend yields may want to check out the three ASX dividend shares listed below.
That's because brokers have recently put buy ratings on them and are forecasting ~6% yields in the near term. Here's what you need to know about them:
Clearview Wealth Ltd (ASX: CVW)
The first ASX dividend share to look at is Clearview Wealth. That's the view of analysts at Morgans, which believe the life insurance company could be well-positioned to grow its dividend at a strong rate in the near term thanks to its transformation program.
The broker is forecasting fully franked dividends of 3.6 cents per share in FY 2025 and then 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.
Morgans currently has an add rating and 81 cents price target on its shares.
Eagers Automotive Ltd (ASX: APE)
Analysts at Bell think that Eagers Automative is an ASX dividend share to buy right now. It is one of the largest automotive retail groups in the Australia and New Zealand region.
Bell Potter thinks that it would be a great option for income investors and believes that some big yields are on the way in the near term.
The broker is forecasting dividends of 66.5 cents per share in FY 2024 and then 73 cents per share in FY 2025. Based on its current share price of $11.60, this represents attractive dividend yields of 5.7% and 6.3%, respectively.
Bell Potter currently has a buy rating and $13.35 price target on its shares.
Healthco Healthcare and Wellness REIT (ASX: HCW)
A third ASX dividend share that gets the thumbs up from analysts is HealthCo Healthcare & Wellness REIT.
It is a real estate investment trust with a focus on healthcare and wellness assets. This includes hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness property assets.
Bell Potter is also tipping its shares as a buy. This is due to its very positive long term growth outlook, which is backed up by "an estimated $218 billion addressable market."
The broker expects this to allow Healthco Healthcare and Wellness REIT to pay dividends of 8.4 cents per share for FY 2025 and then 8.7 cents per share in FY 2026. Based on its current share price of $1.21, this will mean dividend yields of 6.9% and 7.2%, respectively.
Bell Potter currently has a buy rating and $1.50 price target on its shares.
