If you are on the lookout for a big income boost, then the ASX dividend shares in this article could be just the ticket.
They are rated as buys by analysts and tipped to provide larger than average dividend yields in the near term. Here's what you need to know about them:
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Eagers Automotive Ltd (ASX: APE)
The first ASX dividend share that gets the seal of approval from analysts is Eagers Automotive.
It is one of the leading automotive retail groups in the ANZ region with over 250 locations. This is across a diversified portfolio of automotive brands including all 19 of the top 20 selling car brands in Australia.
Bell Potter is a big fan of the company and thinks that its shares are undervalued by the market. Especially given its belief that it could deliver a second half result ahead of consensus expectations in FY 2024.
It also believes that some great dividend yields are on the way for income investors. The broker is forecasting 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 $11.62, this represents dividend yields of 5.7% and 6.3%, respectively.
Bell Potter currently has a buy rating and $13.00 price target on its shares.
IPH Ltd (ASX: IPH)
Another ASX dividend share that could be a top option for income investors is IPH.
It is a leading intellectual property (IP) services company with operations across the world.
Its shares have been sold off this year and Goldman Sachs thinks this has created a buying opportunity for investors. Especially given its belief that IPH "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 $4.96, this will mean dividend yields of 7.2% and 7.9%, respectively.
Goldman has a buy rating and $7.50 price target on its shares.
Origin Energy Ltd (ASX: ORG)
Finally, Origin Energy could be an ASX dividend share to buy this month according to analysts at UBS.
It is one of Australia's leading provider of electricity, gas, LPG, solar and internet to homes and businesses across Australia.
UBS is positive on the company and believes it is well-placed to pay some big dividends in the near term. This is partly thanks to the key APLNG business and the impressive performance from the Octopus business.
The broker is forecasting fully franked dividends per share of 55 cents in FY 2025 and in FY 2026. Based on its current share price of $10.41, this would mean dividend yields of 5.3% for both years.
UBS has a buy rating and $11.75 price target on its shares.
