Are you looking for ASX dividend shares to buy? Listed below are two passive income shares that analysts rate highly.

Here’s why they are bullish on them:

Accent Group Ltd (ASX: AX1)

This footwear and youth apparel retailer could be a dividend share to buy.

This is due to the company’s strong market position and its exposure to younger consumers. The latter is expected to be well-placed to keep spending in the current environment due to a rise in the minimum wage and less exposure to rising interest rates.

Bell Potter expects this to be the case and has a buy rating and $2.10 price target on the company’s shares. It said:

AX1 remains one of our top picks in the Retail sector as we remain constructive on the name considering its exposure to a younger customer demographic in a tougher consumer spending environment, its longer term growth trajectory (12% EBIT CAGR, FY21-25e) and attractive valuation (11x BPe FY24e P/E).

As for dividends, Bell Potter is expecting fully franked dividends of 10 cents per share in FY 2023 and 12.5 cents per share in FY 2024. Based on the current Accent share price of $1.94, this will mean yields of 5.15% and 6.45%, respectively.

Charter Hall Long WALE REIT (ASX: CLW)

Another ASX dividend share that has been named as a buy is Charter Hall Long Wale REIT.

It is a property company focused on high quality real estate assets that are leased to corporate and government tenants on long term leases.

Analysts at Citi are positive on the company and have a buy rating and $4.70 price target on its shares. This is due to its “low risk income stream with c. 12 year WALE and 99.9% occupancy.” Citi also highlights the sharp discount to net tangible assets (NTA) that its shares trade on. The broker said:

While there is uncertainty around the future movement in asset values and impact on CLW, we believe that current pricing is reflecting a significant margin of safety given the > 30% discount to NTA, so we remain favourable on CLW.

As for dividends, Citi is forecasting dividends per share of 28 cents in FY 2023 and 29 cents in FY 2024. Based on the current Charter Hall Long Wale REIT share price of $4.54, this will mean yields of 6.15% and 6.4%, respectively.

The post Buy these ASX passive income shares now: experts appeared first on The Motley Fool Australia.

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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 Accent 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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The team at Bell Potter has been busy picking out the best ASX shares to buy in 2023.

Among its mining picks are the two listed below. Here’s what the broker is saying about these ASX mining shares:

Chalice Mining Ltd (ASX: CHN)

This mineral exploration company is one of Bell Potter’s top picks for 2023. The broker is bullish on the company due to its globally significant PGE-NiCu deposit and exposure to highly sought critical minerals. It commented:

CHN’s 100%-owned Julimar project is a globally significant PGE-NiCu deposit. Located 70km north of Perth in WA, it represents a unique opportunity to establish new strategic PGE and base metals supply in a top mining jurisdiction.

This is reinforced by the inclusion of PGE’s nickel and cobalt on Australia’s and the USA’s critical minerals lists, due to their role in the lithium-ion battery and hydrogen fuel cell production value chain and Russia’s market dominance. Exploration and project development updates in 2022 have reinforced the upside at the Gonneville deposit, and the Julimar project.

Bell Potter has a speculative buy rating and $11.10 price target on its shares.

De Grey Mining Limited (ASX: DEG)

If you’re looking for exposure to gold, then De Grey Mining could be the way to do it according to Bell Potter. It has named this gold developer as one of its best ideas of 2023.

The broker sees significant potential in the Mallina Gold Project in Western Australia. It also appears to believe the project is so attractive that it could be a top acquisition option for a big gold mining company. Bell Potter said:

DEG is advancing its 100%-owned Mallina Gold Project (MGP) located 60km south of Port Hedland in WA. Mineral Resource for the MGP are 251Mt at 1.3g/t gold containing 10.6Moz of gold. Based on the PFS outcomes and our own modelling, we believe the MGP can support a large-scale, long life production asset with operational flexibility and robust margins in one of the world’s top mining jurisdictions. We view the MGP as a rare opportunity that is attractive as both a foundation production asset for DEG or as a meaningful acquisition for any of the world’s top gold production companies.

Bell Potter has a speculative buy rating and $1.83 price target on De Grey Mining’s shares.

The post These are the best ASX mining shares to buy in 2023: experts appeared first on The Motley Fool Australia.

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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 no position in any of the stocks mentioned. 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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One of the most popular options for income investors on the Australian share market is the Telstra Group Ltd (ASX: TLS) dividend.

This is for good reason. Over the last couple of decades, the telco giant has paid billions of dollars out to shareholders in the form of dividends.

In light of this, investors may be wondering what lies ahead for Telstra shares and their dividends.

What is the market expecting from Telstra shares?

Given the surprise dividend increase to 16.5 cents per share in FY 2022 and its new growth-focused T25 strategy, there’s a lot of different opinions on what Telstra shares will yield in the near term.

But the good news is that nobody is forecasting a dividend cut. The worst possible outcome for income investors, according to analysts, is a flat dividend.

For example, a note out of Goldman Sachs reveals that its analysts expect fully franked dividends per share of 17 cents in FY 2023 and 18 cents in FY 2024. Based on the current Telstra share price of $4.15, this will mean yields of 4.1% and 4.3%, respectively.

And while Goldman only has a neutral rating on its shares, it does believe they could rise to its $4.40 price target.

Over at Morgan Stanley, its analysts are forecasting the same as Goldman. However, they have an overweight rating and $4.75 price target, which suggests that Telstra shares could rise almost 15% over the next 12 months.

Across at Ord Minnett, its analysts are expecting stronger dividend growth. They are forecasting a 17 cents per share dividend this year and then a 19 cents per share dividend in FY 2024. This would mean a yield of 4.1% and 4.6%, respectively.

Ord Minnett also sees decent upside ahead for the Telstra share price. It has a buy rating and $4.70 price target.

Finally, Morgans isn’t expecting any dividend growth from Telstra in the near term. It is predicting that Telstra will continue to pay 16.5 cents per share dividends in both FY 2023 and FY 2024, providing 4% yields. It has an add rating and $4.65 price target.

Overall, anyone buying Telstra shares today should expect to receive a dividend yield of 4% or above in FY 2023 and FY 2024.

The post Telstra shares: Here are the dividend forecasts for 2023 and 2024 appeared first on The Motley Fool Australia.

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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 Telstra 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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The Qantas Airways Limited (ASX: QAN) share price finished in the red today amid a second mid-air incident.

Qantas shares fell 0.46% today to close at $6.54. For perspective, the S&P/ASX 200 Index (ASX: XJO) climbed 0.57% today.

Let’s take a look at what is going on with Qantas.

Flight turmoil

Qantas shares fell today despite multiple ASX 200 travel shares rising higher. The Webjet Limited (ASX: WEB) share price leapt 1.80% today, while Flight Centre Travel Group Ltd (ASX: FLT) shares jumped 0.89%.

In news today, a Qantas flight bound for Fiji had to return to Sydney after pilots received a “fault indicator”, the ABC reported. A Qantas spokesperson cited by the publication said:

Our Sydney to Fiji flight has returned to Sydney as a precaution after pilots received a fault indicator about a potential mechanical issue.

The pilots followed standard procedures and the aircraft has landed normally in Sydney.

This follows a pilot flying from Auckland to Sydney having to issue a ‘mayday‘ alert when one of its two engines shut down.

A Qantas spokesperson quoted by CNN Travel said:

While inflight engine shutdowns are rare, and would naturally be concerning for passengers, our pilots are trained to manage them safely and aircraft are designed to fly for an extended period on one engine.

The mayday alert, which can signal a life-threatening emergency, was later downgraded to PAN, meaning possible assistance was needed before the plane landed safely. Some passengers reportedly heard a “bang” during the flight.

The Australian Transport Safety Bureau has launched an investigation into this flight, The Australian reported. In light of the incident, Australian and International Pilots Association vice-president Mark Hofmeyer highlighted single pilot operations are “not going to be viable for a long time”. He added in quotes cited by the publication, “Pilots work as a team for a safe outcome”.

Broker Goldman Sachs is positive on the Qantas share price and believes the company can deliver a huge profit in FY 2023 and 2024. Goldman said:

With the market capitalization 10% above pre-COVID levels and EV (based on last reported net debt) 8% below pre-COVID, we believe the stock is not appropriately pricing QAN’s improved earnings capacity. Specifically, our FY23e EPS forecast is 58% above FY19a levels with group capacity still 21% below pro-COVID levels. 

Qantas share price snapshot

The Qantas share price has soared nearly 29% in the last year.

Qantas has a market capitalisation of about $11.88 billion based on today’s share price.

The post Qantas share price struggles amid second incident in 2 days appeared first on The Motley Fool Australia.

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Motley Fool contributor Monica O’Shea 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 Flight Centre Travel 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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