The Australian share market traditionally offers investors an average dividend yield in the region of 4%.
While this is a great yield, income investors don't have to settle for that. Not when there are high-yield ASX dividend shares out there offering even greater yields.
Three that analysts rate as buys are listed below. Here's what they offer:
GQG Partners Inc. (ASX: GQG)
Analysts at Macquarie are feeling bullish about GQG Partners and see it as an ASX dividend stock to buy.
It is a global asset management company with a focus on active equity portfolios.
Macquarie highlights the low multiples its shares trade on, and its big dividend yields as reasons to buy.
In respect to the latter, the broker is forecasting dividends of 14.7 US cents (22.7 Australian cents) per share in FY 2025 and 16 US cents (24.8 Australian cents) per share in FY 2026. Based on its current share price of $1.95, this equates to massive dividend yields of 11.6% and 12.7%, respectively.
Macquarie has an outperform rating and $2.90 price target on its shares.
HomeCo Daily Needs REIT (ASX: HDN)
The team at Morgans thinks that HomeCo Daily Needs REIT could be an ASX dividend stock to buy.
It is a real estate investment trust that has a focus on investing in convenience-based assets. This includes large format retail properties leased to blue chips like Dan Murphy's owner Endeavour Group (ASX: EDV), Woolworths Group Ltd (ASX: WOW) and Bunnings and Kmart owner Wesfarmers Ltd (ASX: WES).
The team at Morgans is positive on the company and expects some good yields in the near term. It is forecasting dividends per share of 8.6 cents in both FY 2025 and FY 2026. Based on its current share price, this would mean dividend yields of 6.5%.
The broker currently has an add rating and $1.33 price target on its shares.
IPH Ltd (ASX: IPH)
Another high-yield ASX dividend stock that Morgans rates as a buy is IPH.
It is an intellectual property (IP) services company that operates across the globe through a number of brands.
Morgans thinks its shares trade on undemanding multiples and is expecting some big dividend yields in the near term. It is forecasting fully franked dividends of 35 cents per share in FY 2025 and then 36 cents per share in FY 2026. Based on the current IPH share price, this will mean dividend yields of 7.8% and 8%, respectively.
Morgans has an add rating and $6.30 price target on its shares.
