Are you on the lookout for some generous dividend yields? If you are, you might want to check out the three ASX dividend stocks in this article.
That's because as well as being named as buys by brokers, they have been tipped to provide yields of 7%+ in the near term. Here's what you need to know about them:
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GDI Property Group Ltd (ASX: GDI)
GDI Property is the first ASX dividend stock that analysts are tipping as a buy. It is a fully integrated, internally managed property and funds management group with capabilities in ownership, management, refurbishment, leasing and syndication of properties.
Bell Potter is positive on the company and sees it as a good option for income investors. The broker has put a buy rating and 80 cents price target on its shares.
As for dividends, it is forecasting dividends per share of 5 cents across FY 2025 and FY 2026. Based on the current GDI Property share price of 67 cents, this equates to dividend yields of 7.5% for both years.
Healthco Healthcare and Wellness REIT (ASX: HCW)
Another ASX dividend stock that gets the thumbs up from analysts is HealthCo Healthcare and Wellness REIT. It is a real estate investment trust with a mandate to invest in hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness property assets.
At present, it has a $1.6 billion portfolio boasting 31 properties with 99% occupancy and a weighted average lease expiry of 12.2 years.
Bell Potter highlights that the company is only scratching at the surface of its massive opportunity. It notes that HealthCo Healthcare and Wellness REIT has "significant scope for growth with an estimated $218 billion addressable market." The broker has a buy rating and $1.50 price target on its shares.
In respect to income, its analysts are expecting dividends of 8.4 cents per share for FY 2025 and then 8.7 cents per share in FY 2026. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.16, this will mean dividend yields of 7.2% and 7.5%, respectively.
Woodside Energy Group Ltd (ASX: WDS)
A third ASX dividend stock that could be a buy is energy giant Woodside.
That's the view of analysts at Morgans, which "see now as a good time to add to positions." The broker currently has an add rating and $33.00 price target on its shares.
As for that all-important dividend income, the broker is forecasting fully franked dividends of $1.93 per share in FY 2024 and $1.61 per share in FY 2025. Based on its current share price of $24.33, this will mean yields of 7.9% and then 6.6%.
