Boost your passive income with these ASX dividend shares: analysts

With so many dividend shares to choose from, it can be hard to decide which ones to buy.

The good news is that analysts have been busy running the rule over the share market, looking for the dividend shares to buy.

Two that could boost your passive income are listed below. Here’s what you need to know about them:

National Storage REIT (ASX: NSR)

National Storage is the owner and operator of one of Australia and New Zealand’s largest self-storage networks. It could be a top option due to its robust business model, defensive qualities, and solid growth prospects from to its growth through acquisition strategy.

Based on the current National Storage share price of $2.34, analysts at Jarden are expecting the company’s shares to offer investors ~4% distribution yields over the next couple of years. The broker also sees upside for the National Storage share price with its buy rating and $2.90 price target.

Rural Funds Group (ASX: RFF)

Rural Funds could be another top option for income investors. It is an agriculture-focused real estate property trust that owns a diverse portfolio of properties across different geographies and sectors.

With Australia quickly becoming the food bowl of Asia, it appears well-positioned to benefit over the long-term. Another positive is that its properties boast long-term tenancy agreements with major players and include periodic rental increases.

Bell Potter is a fan of the company and notes that its shares are trading at what could “be considered an attractive entry point.” It has a buy rating and $2.75 price target on its shares.

As for dividends, Bell Potter is forecasting an 11.7 cents per share dividend in FY 2023 and then a 12.7 cents per share dividend in FY 2024. Based on the current Rural Funds share price of $2.44, this represents yields of 4.8% and 5.2%, respectively.

The post Boost your passive income with these ASX dividend shares: analysts appeared first on The Motley Fool Australia.

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More reading

• 2 ASX dividend shares that have raised their payouts by 20% in 5 years
• 2 safe and reliable ASX dividend shares to buy for 2023: analysts
• Here’s how I’d invest $5,000 in ASX dividend shares to earn a second income
• Why I’m buying ASX shares in this once-in-a-lifetime market to try and retire early
• Here are the top 10 ASX 200 shares today

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 Rural Funds Group. 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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