Looking for some big dividend yields? Check out these shares…
The post 2 quality ASX dividend shares with big yields appeared first on The Motley Fool Australia. –
If you’re on the lookout for dividend options, then you might want to take a look at the ones listed below.
Both of these shares are expected to provide investors with big yields in the near future. Here’s why they have been tipped as buys for income investors:
Stockland Corporation Ltd (ASX: SGP)
The first ASX dividend share to look at is Stockland. It is a property company which owns, manages and develops a diverse range of property assets. These include retirement villages, retail centres, business parks, offices, and logistics centres.
Although its shares have been strong performers this year, they are still expected to provide investors with a generous distribution yield in the near term.
For example, according to a note out of Morgan Stanley, its analysts are forecasting distributions of 25.1 cents per share in FY 2021 and then 27.8 cents per share in FY 2022. Based on the current Stockland share price of $4.80, this will mean yields of 5.2% and 5.8%, respectively.
Morgan Stanley currently has an overweight rating and $5.00 price target on its shares.
Sydney Airport Holdings Pty Ltd (ASX: SYD)
Another ASX dividend share to look at is Sydney Airport.
With Australia slowly returning to normal, Sydney Airport has been experiencing a notable recovery in domestic passenger numbers. And while international tourism is still some way off, the global vaccine rollout brings it closer every day. This bodes well for Sydney Airport traffic next year and ultimately its income and dividends.
Goldman Sachs is forecasting dividends of 8.8 cents per share in FY 2021 and then 27.1 cents per share in FY 2022. Based on the current Sydney Airport share price of $6.06, this will mean yields of 1.5% and 4.5%, respectively.
The broker currently has a buy rating and $6.73 price target on its shares.
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Returns As of 15th February 2021
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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.