If you're on the hunt for passive income, it could be worth checking out the ASX dividend shares listed below.
They have recently been named as buys by analysts and tipped to offer good dividend yields in the near term. Here's what is being recommended:
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HomeCo Daily Needs REIT (ASX: HDN)
The first ASX dividend share for income investors to look at is HomeCo Daily Needs REIT.
Morgans is positive on the real estate investment trust (REIT) that owns and operates a portfolio of convenience-based retail assets. This includes neighbourhood shopping centres and large-format retail properties.
The broker believes the company is positioned to pay dividends of 8.6 cents per share in FY 2025 and then 8.8 cents per share FY 2026. Based on the current HomeCo Daily Needs share price of $1.25, this implies dividend yields of 6.9% and 7%, respectively.
Morgans currently has an accumulate rating and $1.33 price target on its shares.
IPH Ltd (ASX: IPH)
The team at Morgans also thinks that IPH could be an ASX dividend share to buy right now.
Operating under a large number of brands, IPH is one of the world's leading intellectual property services companies. It assists companies across the globe with patents, trademarks, and legal protection.
As for income, the broker is forecasting the company to reward its shareholders with 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 of $5.15, this would mean dividend yields of 6.8% and 7%, respectively.
Morgans currently has an add rating and $6.30 price target on its shares.
Rural Funds Group (ASX: RFF)
A third ASX dividend share that analysts think could be in the buy zone right now is Rural Funds Group.
It is a diversified agricultural REIT that owns premium assets across Australia. This includes almond orchards, cattle farms, vineyards, and macadamia plantations. But instead of working the land itself, it leases these properties to high-quality agricultural operators. These tend to be on long-term lease agreements with price increases built in, providing predictable cash flow.
Bell Potter is a fan of Rural Funds and believes it is positioned to pay dividends per share of 11.7 cents in FY 2025 and then 12.2 cents in FY 2026. Based on its current share price of $1.83, this will mean dividend yields of 6.4% and 6.7%, respectively.
The broker has a buy rating and $2.45 price target on its shares.
