The good news for income investors is that there are a plenty of quality ASX dividend shares to choose from on the Australian share market.
Two that are rated as buys and tipped to offer huge dividend yields are listed below. Here's what you need to know about these shares:
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Charter Hall Long WALE REIT (ASX: CLW)
The first ASX dividend share that has been tipped to provide a big yield is the Charter Hall Long Wale REIT.
It is a property company that invests in high quality real estate assets that have long weighted average lease expiries (WALEs).
These properties certainly are in demand with end users, which are mainly corporate and government tenants. When the company released its half-year results, it reported a WALE of 11.8 years and a 99.9% occupancy rate.
Citi was pleased and has retained its buy rating with a $5.00 price target.
As for dividends, the broker is expecting dividends per share of 28 cents in FY 2023 and 29 cents in FY 2024. Based on the current Charter Hall Long Wale REIT unit price of $4.54, this will mean yields of 6.15% and 6.4%, respectively.
Woodside Energy Group Ltd (ASX: WDS)
Another ASX dividend share that analysts are expecting a big dividend yield from is Woodside Energy.
It is of course one of the world's leading energy producer's with a collection of world class assets across the globe.
A note out of Morgan Stanley reveals that its analysts are expecting the energy giant to pay fully franked dividends of $3.86 per share in FY 2022 and then $2.72 per share in FY 2023. Based on the current Woodside share price of $34.37, this equates to sizeable 11.2% and 7.9% dividend yields for investors.
Morgan Stanley has an overweight rating and $41.00 price target on the energy producer's shares.
