Every six months, sometimes even more regularly, a large number of ASX shares pay their lucky shareholders dividends.
The average dividend yield for the Australian share market is traditionally around 4%, but you don't have to settle for that.
For example, three ASX shares that are forecast to provide yields greater than 6% in the near term are listed below. Here's what you need to know about them:
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Eagers Automotive Ltd (ASX: APE)
The team at Bell Potter believes that Eagers Automotive could provide investors with a big dividend yield.
It is an automotive retail group that operates over 250 locations across Australia and New Zealand. At the last count, it had a diverse portfolio that includes all 19 of the top 20 best-selling car brands in Australia and 9 of the top 10 luxury brands.
Bell Potter thinks the company is positioned to pay its shareholders fully franked dividends of 66.5 cents per share in FY 2024 and then 73 cents per share in FY 2025. Based on its current share price of $11.81, this represents dividend yields of 5.6% and 6.2%, respectively.
Bell Potter has a buy rating and $13.00 price target on its shares.
Healthco Healthcare and Wellness REIT (ASX: HCW)
Morgans thinks that the Healthco Healthcare and Wellness REIT could be an ASX share to buy.
As its name implies, it is a property company with a focus on healthcare and wellness assets. This includes hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness properties.
Morgans is positive on the company's outlook and believes it is positioned to provide income investors with big dividend yields.
It is forecasting dividends per share of 8.4 cents in FY 2025 and then 8.8 cents FY 2026. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.12, this will mean yields of 7.5% and 7.8%, respectively.
Morgans has an add rating and $1.51 price target on its shares.
IPH Ltd (ASX: IPH)
Finally, Goldman Sachs thinks that IPH could be an ASX share to buy. It is an intellectual property (IP) services company with operations across the world.
The broker likes IPH due to its belief that it "is well-placed to deliver consistent and defensive earnings with modest overall organic growth."
Goldman expects this to underpin fully franked dividends of 36 cents per share in FY 2025 and then 39 cents per share in FY 2026. Based on the current IPH share price of $5.30 this represents yields of 6.8% and 7.35%, respectively.
Goldman has a buy rating and $7.50 price target on its shares.
