As an income investor, you're always on the lookout for high-yielding stocks that can provide a steady stream of passive income. The Australian Securities Exchange (ASX) is home to a plethora of dividend-paying stocks, with some offering yields as high as 7.7%. In this article, we'll explore three ASX dividend stocks that have caught the attention of analysts and investors alike, thanks to their impressive yields and growth prospects.

1. APA Group (ASX: APA)
APA Group is a leading energy infrastructure company with a portfolio of high-quality, cash-generating assets. Analysts at Macquarie believe these assets leave the company well-placed to continue its long run of dividend increases. They forecast dividends per share of 57 cents in FY 2025 and then 58.5 cents in FY 2026, based on the current share price of $7.58. This equates to dividend yields of 7.5% and 7.7%, respectively. Macquarie has an outperform rating and a price target of $8.47 on APA Group shares.



2. GDI Property Group Ltd (ASX: GDI)
GDI Property Group is a property owner and fund manager with investments across Sydney, Brisbane, Perth, South East Queensland, and North Queensland. Bell Potter is positive on the company, highlighting that it continues to screen attractively from a sector-relative basis value perspective. They expect dividends per share of 5 cents in both FY 2025 and FY 2026, based on the current share price of 68 cents. This equates to dividend yields of 7.3% for both years. Bell Potter has a buy rating and a price target of 80 cents on GDI Property shares.



3. Healthco Healthcare and Wellness REIT (ASX: HCW)
Healthco Healthcare and Wellness REIT is a real estate investment trust with a mandate to invest in hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness property assets. Bell Potter is a fan of the company, thanks to its significant scope for growth with an estimated $218 billion addressable market. They expect dividends of 8.4 cents per share for FY 2025 and then 8.7 cents per share in FY 2026, based on the current unit price of $1.20. This will mean dividend yields of 7% and 7.25%, respectively. Bell Potter currently has a buy rating and a price target of $1.50 on Healthco Healthcare and Wellness REIT shares.



In conclusion, these three ASX dividend stocks offer investors the opportunity to generate impressive passive income, thanks to their high yields and growth prospects. However, it's essential to conduct thorough research and consider your individual investment goals and risk tolerance before making any investment decisions. By diversifying your portfolio and focusing on strong dividend-paying securities, you can build a solid foundation for long-term income generation.