Are you searching for some good dividend yields for your income portfolio?
If you are, then the two ASX dividend stocks in this article could be the ones for you.
Let's see why analysts rate them as buys and what they expect them to payout in the near term:
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Healthco Healthcare and Wellness REIT (ASX: HCW)
Healthco Healthcare and Wellness REIT could be a great option for investors looking for an income boost.
It is a real estate investment trust that has a focus on healthcare and wellness property assets.
Management notes that its objective is to provide exposure to a diversified portfolio that it underpinned by healthcare sector megatrends, targeting stable and growing distributions, long-term capital growth and positive environmental and social impact.
As per its most recent update, Healthco Healthcare and Wellness REIT had a $1.6 billion portfolio of assets, including hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness properties. It also has a large-scale development pipeline which appears supportive of growth in the coming years.
The team at Morgans thinks investors should be buying its shares. Particularly if you want some big dividend yields. It is forecasting dividends per share of 8.4 cents in FY 2025 and then 8.8 cents FY 2026. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.03, this will mean dividend yields of 8.1% and 8.5%, respectively.
Morgans currently has an add rating and $1.51 price target on its shares.
Smartgroup Corporation Ltd (ASX: SIQ)
Another ASX dividend stock that could provide income investors with an above-average dividend yield is Smartgroup.
It is an industry-leading provider of employee benefits, end-to-end fleet management, and software solutions. At the last count, it had over 400,000 salary packages and over 64,000 novated leases under management.
Bell Potter notes that this is underpinning very defensive earnings. And with favourable tailwinds expected to drive growth in the future, the broker feels its shares are being undervalued by the market.
It notes that "SIQ looks well priced given a fwd P/E of ~14.5x, a defensive client base, earnings tailwinds from the Electric Car Discount Bill (exempts low or zero emission vehicles from Fringe Benefits Tax), an ROE of ~30% and a strong balance sheet."
As for dividends, Bell Potter is forecasting fully franked dividends of 53.3 cents in FY 2024 and then 59.7 cents in FY 2025. Based on its current share price of $7.76, this means big potential dividend yields of 6.9% and 7.7%, respectively.
The broker currently has a buy rating and $10.00 price target on its shares.
