Analysts say these high-yield ASX dividend shares are buys

Analysts are predicting some juicy dividend yields from these buy-rated stocks.

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Do you have room in your income portfolio for some new additions this week?

If you do, then it could be worth checking out the high-yield ASX dividend shares listed below that analysts are bullish on. Here's what you need to know about them:

Origin Energy Ltd (ASX: ORG)

Goldman Sachs is feeling positive about this energy giant and thinks it could be a top ASX dividend share to buy this week.

Its analysts are tipping Origin as a buy due to the diversity of its earnings, its robust free cash flow generation, and its gas supply portfolio and flexible power firming fleet. They commented:

We are Buy rated on ORG considering: APLNG earnings diversification to support strong FCF & returns: We expect electricity markets will remain volatile where ~50% of FY25E EBITDA from APLNG should reduce risk, while supporting a strong 9% FCF yield and 6% dividend yield. Standout gas supply portfolio and flexible power firming fleet: ORG operates the National Electricity Market's (NEM) largest gas generation fleet at 3 GW which will become increasingly important to firm renewable generation, while maintaining a A$10/GJ cost of gas supply which should support margin expansion or market share gain. Growth opportunity through Octopus & Kraken: Octopus' valuation has already increased 600% since ORG's initial investment in 2020, which we expect could continue to grow over 20% in FY25 as contracted Kraken accounts growth drives 30% EBITDA growth.

In respect to income, Goldman is forecasting fully franked dividends per share of 48 cents in FY 2024 and then 58 cents in FY 2025. Based on its current share price of $9.66, this would mean dividend yields of 5% and 6%, respectively.

The broker has a buy rating and $10.75 price target on its shares.

SRG Global Ltd (ASX: SRG)

Another high yield ASX dividend share that could be a buy this week is SRG Global. It is a diversified industrial services group that provides multidisciplinary construction, maintenance, production drilling and geotechnical services.

Bell Potter thinks it would be a great option for income investors given its very positive outlook. This is being underpinned by Government-stimulated construction activity and accelerating growth in iron ore and gold production volumes. It commented:

SRG's short-to-medium term outlook is reinforced by Government-stimulated construction activity in the Infrastructure and Non-Residential sectors and increased development and sustaining capital expenditures in the Resources industry. The resulting expansion in infrastructure bases across these sectors will likely support increased demand for asset care and maintenance in the medium to long-term. We anticipate Mining Services will be a beneficiary of accelerating growth in iron ore and gold production volumes over the next five years.

As for dividends, the broker is forecasting fully franked dividends of 4.7 cents in FY 2024 and then 5.6 cents in FY 2025. Based on its current share price of 88 cents, this will mean dividend yields of 5.35% and 6.35%, respectively.

Bell Potter has a buy rating and $1.35 price target on its shares.

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 positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has recommended Srg Global. 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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