The average dividend yield on the Australian share market is traditionally 4%.
But income investors don't need to settle for that. Not when there are high yield ASX dividend shares out there offering big income potential.
For example, three shares that analysts are tipping to offer huge dividend yields in the near term are listed below. Let's see what they are saying about them this month:
Image source: Getty Images
APA Group (ASX: APA)
Macquarie thinks that APA Group could be an ASX dividend share to buy. It is a leading energy infrastructure company. It owns and operates a world class portfolio of gas, electricity, solar and wind assets.
Thanks to this portfolio, APA Group has been in a position to increase its dividend each year for the past decade.
The broker expects this winning run to continue. It is forecasting dividends per share of 57 cents in FY 2025 and then 58 cents in FY 2026. Based on the current APA Group share price of $7.40, this equates to 7.7% and 7.8% dividend yields, respectively.
Macquarie has an outperform rating and $8.14 price target on its shares.
Dexus Convenience Retail REIT (ASX: DXC)
Over at Bell Potter, its analysts are tipping Dexus Convenience Retail REIT as a high-yield ASX dividend share to buy. It is the owner of a portfolio of service station and convenience retail assets.
Bell Potter is expecting some very big dividend yields in the near term. It is forecasting dividends per share of 20.6 cents in FY 2025 and then 21 cents in FY 2025. Based on its current share price of $2.81, this implies yields of 7.3% and 7.5%, respectively.
Bell Potter has a buy rating and $3.30 price target on its shares.
GQG Partners Inc (ASX: GQG)
GQG Partners could be a high yield ASX dividend share to buy according to analysts at Goldman Sachs. It is a global investment boutique managing active equity portfolios.
Goldman Sachs believes GQG's shares would be a great option, particularly given its strong net fund flows, robust earnings growth, and an attractive valuation compared to peers.
In respect to income, Goldman is forecasting dividends per share of 15 US cents (23.7 Australian cents) in FY 2025 and 17 US cents (26.8 Australian cents) in FY 2026. Based on its current share price of $2.23, these estimates translate to massive dividend yields of 10.6% and 12%, respectively.
Goldman Sachs currently has a buy rating and $3.20 price target on GQG Partners shares.
