If you are looking to boost your income with some dividend shares, then two listed below could be worth a closer look.
Both of these dividend shares are expected to provide investors with great yields in the near term. Hereâs what you need to know about them:
DEXUS Property Group (ASX: DXS)
The first ASX dividend share to look at is Dexus. It is one of Australiaâs leading fully integrated real estate groups, managing a high-quality Australian property portfolio that is currently valued at $44.3 billion.
The company also has a $17.7 billion development pipeline, which management believes provides it with the opportunity to grow its portfolios and enhance future returns.
Macquarie is a fan of the company. Last month, the broker responded to Dexus’ full year results by retaining its outperform rating and lifting its price target on the company’s shares to $10.79.
As for dividends, the broker is forecasting dividends per share of 53 cents in FY 2023 and 52 cents in FY 2024. Based on the latest Dexus share price of $8.43, this will mean yields of 6.3% and 6.15%, respectively.
National Storage REITÂ (ASX: NSR)
Another ASX dividend share for income investors to look at is National Storage.
It is one of the ANZ region’s leading self-storage operators with over 225 centres that provide tailored storage solutions to 90,000+ residential and commercial customers.
National Storage was in fine form in FY 2022, reporting a 46% increase in underlying earnings to $126.5 million. This was driven by a 28% increase in total revenue, which reflects a 20.9% increase in revenue per available metre (REVPAM), an 18.8% increase in its group rate, and a 2.8% increase in its occupancy rate.
Ord Minnett was pleased with this result, noting that it came in a little ahead of its expectations. In response, the broker reiterated its buy rating and $2.70 price target.
In respect to dividends, its analysts are forecasting dividends per share of 11 cents in FY 2023 and FY 2024. Based on the current National Storage share price of $2.42, this equates to yields of 4.5%.
The post Analysts name 2 top ASX dividend shares to buy with great yields appeared first on The Motley Fool Australia.
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More reading
- Why Dexus, Dusk, Macquarie, and Qantas shares are pushing higher
- Dexus share price wobbles amid strong FY22 results and reduced FY23 dividend guidance
Motley Fool contributor James Mickleboro has no position in any of the stocks 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 positions in and has recommended RURALFUNDS STAPLED. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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