Analysts name 2 ASX dividend shares to buy with 4%+ yields

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. Here’s what you need to know about them:

Macquarie Group Ltd (ASX: MQG)

The first ASX dividend share that could be in the buy zone is investment bank Macquarie.

That’s the view of the team at Morgans, which likes Macquarie due to its exposure to long-term structural growth areas such as infrastructure and renewables. The broker is also expecting the investment bank to benefit from recent market volatility through its trading businesses and win market share in Australian mortgages.

As for dividends, Morgans is expecting partially franked dividends of $7.07 per share in FY 2023 and $7.47 per share in FY 2024. Based on the current Macquarie share price of $162.10, this will mean yields of 4.3% and 4.6%, respectively.

Morgans has an add rating and $215.00 price target on the company’s shares.

National Storage REIT (ASX: NSR)

Another ASX dividend share that has been named as a buy is National Storage. It is one of the region’s leading self-storage operators with over 225 centres that provide tailored storage solutions to 90,000+ residential and commercial customers.

The team at Ord Minnett is positive on the company after its strong showing in FY 2022. National Storage reported a 28% increase in total revenue and a 46% increase in underlying earnings to $126.5 million. This was underpinned by acquisitions, a strong increase in revenue per available metre, and a 2.8% increase in its occupancy rate.

Looking ahead, the broker is forecasting dividends per share of 11 cents in both FY 2023 and FY 2024. Based on the current National Storage share price of $2.33, this equates to yields of 4.7%.

Ord Minnett has a buy rating and $2.70 price target on its shares.

The post Analysts name 2 ASX dividend shares to buy with 4%+ yields appeared first on The Motley Fool Australia.

.

More reading

• Macquarie share price dives 4% to new 52-week low
• ASX 200 dividend shares suffer September sell-off
• Macquarie vs NAB shares: Which bank is the better buy right now?
• Why did the Macquarie share price trail the other ASX 200 banks today?
• Brokers name 2 blue chip ASX 200 shares to buy now

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 recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/CqYyBz2