2 excellent ASX passive income shares to buy next week: analysts

If you’re searching for new passive income investments, then read on!

Listed below are two ASX 200 dividend shares that have been named as buys by brokers.

Here’s what you need to know about these dividend shares:

Australia and New Zealand Banking Group Ltd (ASX: ANZ)

The first ASX 200 dividend share that could be a buy is ANZ Bank. It is of course one of the big four banks.

The team at Citi is positive on the bank and is forecasting big dividend yields from its shares in the coming years.

The broker expects this to be supported by net interest margin (NIM) improvements driven by rising interest rates.

Citi is forecasting fully franked dividends of $1.66 per share in FY 2023 and $1.76 per share in FY 2024. Based on the current ANZ share price of $24.75, this will mean yields of 6.7% and 7.1%, respectively.

The broker also sees plenty of upside potential with its buy rating and $29.25 price target.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another ASX dividend share for investors to consider is Domino’s.

Due to its shares being sold off last year due to tough trading conditions and inflationary pressures, they now offer a more attractive than normal yield. And while this yield is certainly not as great as what is on offer with ANZ’s shares, that could change in the future if all goes to plan.

Management is aiming to double its store network this decade. If it can continue to deliver on its same store sales target and improve its margins, this could lead to some incredible earnings and dividend growth over the same period.

It is partly for this reason that Morgans believes investors should be buying its shares. In fact, the broker believes that “now is the best time to consider an investment in a quality business like DMP that is facing headwinds that will reverse in time.”

Morgans has an add rating and an $90.00 price target on the company’s shares.

As for dividends, the broker is forecasting partially franked dividends per share of $1.55 in FY 2023 and $1.89 in FY 2024. Based on the current Domino’s share price of $73.25, this will mean yields of 2.1% and 2.6%, respectively.

The post 2 excellent ASX passive income shares to buy next week: analysts appeared first on The Motley Fool Australia.

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More reading

• ANZ’s cheat sheet: How can ASX investors make the most of ‘ample opportunity’ in 2023?
• Dividends, dividends, dividends! 3 ASX 200 bank shares forecasting yields over 8%
• What could we expect for ASX 200 bank shares this earnings season?
• How to prepare your portfolio for the ‘old normal’: Scott Phillips
• Should I buy ANZ shares before earnings season?

Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. 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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