Buy these ASX dividend shares with 5%+ yields

Analysts are tipping these shares as buys for income investors.

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Are you wanting some high-yield ASX dividend shares to boost your income portfolio? If you are, then check out the two listed below that have been named as buys.

Here's what analysts are expecting from them in the near term:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX dividend share that analysts are positive on is Aurizon.

It is a rail freight operator that transports more than 250 million tonnes of Australian commodities each year through a vast network.

The team at Macquarie is bullish on Aurizon and has an outperform rating and a $4.04 price target on its shares.

In respect to dividends, the broker is expecting partially franked dividends of 18.4 cents per share in FY 2024 and then 25.1 cents per share in FY 2025. Based on the latest Aurizon share price of $3.51, this will mean dividend yields of 5.2% and 7.15%, respectively.

Healthco Healthcare and Wellness REIT (ASX: HCW)

Another ASX dividend share that analysts have named as a buy is Healthco Healthcare and Wellness REIT.

It is a leading health and wellness-focused real estate investment trust with exposure to a diversified portfolio underpinned by attractive megatrends.

Morgans is positive on the company and has an add rating and a $1.67 price target on its shares.

As for income, it is forecasting dividends per share of 8 cents in both FY 2024 and FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.43, this will mean yields of 5.6% in both years.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Aurizon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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