Are you on the hunt for some big dividend yields? If you are, then it could be worth taking a look at the ASX dividend stocks in this article.
They have been named as buys and tipped to provide income investors with yields of approximately 6% or more.
Here's what you need to know about them:
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Dexus Convenience Retail REIT (ASX: DXC)
The first ASX dividend stock that could be a buy is Dexus Convenience Retail REIT. It is the owner of a quality portfolio of Australian service stations and convenience retail assets, predominantly located on Australia's eastern seaboard.
Bell Potter is positive on the investment opportunity here. It recently highlighted that "while we do see asset values declining (BPe 10bp cap rate expansion), trading at a 20% discount to NTA and 10% discount to BPe NAV looks too punitive to us for a defensive sub-sector."
The broker has a buy rating and $3.30 price target on Dexus Convenience Retail REIT shares.
As for income, it is forecasting dividends per share of approximately 21 cents in both FY 2025 and FY 2026. Based on its current share price of $2.85, this implies dividend yields of 7.35%.
Elders Ltd (ASX: ELD)
Another ASX dividend stock that could be a buy is Elders. It is a leading Australian agribusiness company offering tailored advice and specialist knowledge across a range of products and services.
Bell Potter is also feeling positive about the company and thinks it would be a good option for income investors. It highlights its attractive valuation. It notes that "[t]rading at ~7.4x PF25e EBITDA, ELD trades at a reasonable discount to its through-the-cycle EBITDA multiple of 8.5x."
The broker has a buy rating and $9.45 price target on its shares.
In respect to dividends, Bell Potter is forecasting fully franked dividends of 41 cents per share in FY 2025 and then 43 cents per share in FY 2026. Based on the current Elders share price of $7.01, this will mean dividend yields of 5.9% and 6.1%, respectively.
Inghams Group Ltd (ASX: ING)
Finally, Inghams could be an ASX dividend stock for income investors to buy this month. That's the view of analysts at Morgans, which are feeling positive on Australia's largest integrated poultry producer.
Morgans appears to believe that the market has oversold Inghams' shares in recent times, leaving them trading at an attractive level. The broker has an add rating and price target of $3.66.
In addition, it is forecasting some attractive dividend yields in the near term. The broker expects fully franked dividends of 19 cents per share in both FY 2025 and FY 2026. At the current share price of $3.15, this implies dividend yields of 6% for both years.
