The Australian share market traditionally has an average dividend yield of approximately 4%.
Although that is a good yield, income investors don't have to settle for that. Not when there are ASX dividend stocks offering even more generous yields.
For example, the ASX dividend stocks that are listed below have been rated as buys by brokers and have been tipped to offer dividend yields of 6%+ in the near term. Here's what you need to know about these stocks:
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APA Group (ASX: APA)
The first ASX dividend stock that could be a buy according to analysts is APA Group. It is a leading energy infrastructure company with a portfolio of high-quality, cash-generating assets.
The team at Macquarie is positive on the company and has an outperform rating and $8.23 price target on its shares.
As for dividends, the broker believes the company is well-placed to continue its long run of dividend increases. It is forecasting dividends per share of 57 cents in FY 2025 and then 57.5 cents in FY 2026. Based on the current APA Group share price of $7.65, this equates to dividend yields of 7.4% and 7.5%, respectively.
Inghams Group Ltd (ASX: ING)
The team at Morgans thinks that income investors should be buying this poultry producer's shares while they are down in the dumps. It likes Inghams due to its leadership position and attractive valuation.
The broker currently has an add rating and $3.66 price target on its shares.
Morgans also expects some generous dividend yields in the near term. It is forecasting fully franked dividends of 19 cents per share in both FY 2025 and FY 2026. Based on the current Inghams share price of $2.87, this equates to dividend yields of 6.6% for both years.
Rural Funds Group (ASX: RFF)
A third high-yield ASX dividend stock that has been named as a buy is Rural Funds. It is the owner of a portfolio of properties across a number of agricultural industries. These properties are leased to leading players in the industry on long term agreements.
Bell Potter is a fan of the company and has a buy rating and $2.50 price target on its shares.
In respect to dividends, the broker is forecasting dividends per share of 11.7 cents in FY 2025 and 12.2 cents in FY 2026. Based on the current Rural Funds share price of $1.95, this will mean yields of 6% and 6.2%, respectively.
