Investors that are on the lookout for ASX shares with big dividend yields might want to check out the three listed below.
Here’s what analysts are expecting from their shares in the near term:
Dicker Data Ltd (ASX: DDR)
The first ASX dividend share to look at is Dicker Data. It is a leading technology hardware, software, cloud, and cybersecurity distributor.
Morgan Stanley is positive on the company. It has an outperform rating and a $10 price target on its shares.
As for dividends, its analysts are forecasting fully franked dividends per share of 43.8 cents in FY 2023 and 48.8 cents in FY 2024. Based on the latest Dicker Data share price of $8.05, this will mean yields of 5.4% and 6%, respectively.
Healthco Healthcare and Wellness REIT (ASX: HCW)
Another ASX dividend share that has been named as a buy is Healthco Healthcare and Wellness REIT.
Morgans is positive on this health and wellness-focused real estate investment trust and has an add rating and $1.72 price target on its shares.
In respect to dividends, the broker is forecasting dividends per share of 7.6 cents in FY 2023 and 8 cents in FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.36, this will mean yields of 5.6% and 5.9%, respectively.
Westpac Banking Corp (ASX: WBC)
A third ASX dividend share that has been tipped to offer big yields is Westpac.
Morgans is also a fan of Australia’s oldest bank. It believes Westpac has “the greatest potential for return on equity improvement amongst the major banks if its business transformation initiatives prove successful.” Its analysts currently have an add rating and a $24.22 price target on its shares.
As for dividends, the broker is expecting fully franked dividends per share of $1.49 in FY 2023 and $1.52 in FY 2024. Based on the current Westpac share price of $21.71, this will mean yields of 6.8% and 7%, respectively.
