Looking for a passive income boost? Then these ASX dividend shares could be worth considering.
Hereâs why analysts rate them as buys right now:
Dalrymple Bay Infrastructure Ltd (ASX: DBI)
The first ASX dividend share that has been named as a buy is Dalrymple Bay Infrastructure.
It is an infrastructure company that operates the Dalrymple Bay Coal Terminal (DBCT) on a long term agreement.
Morgans is a fan of the company and believes it is well-placed to pay big dividends in the near term. This is thanks to the strong demand for coal and its position as the cheapest export route-to-market for users within the Bowen Basin catchment region. It said:
DBCT offers the cheapest export route-to-market for users within its Bowen Basin catchment region. DBCT is fully contracted from 2023 to 2028. Following the successful outcome to its customer tariff negotiations, DBI should be able to deliver resilient, inflation-linked, and very high margin revenues and has provided distribution guidance that implies c.8% cash yield growing at 3-7% pa.
The broker currently has an add rating and $2.63 price target on its shares.
As for dividends, its analysts are forecasting dividends per share of approximately 21 cents in FY 2023 and 22 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.63, this will mean very generous yields of 8% and 8.35%, respectively.
Transurban Group (ASX: TCL)
Another ASX dividend share for investors to consider buying next week is Transurban.
It manages and develops urban toll road networks in Australia and the United States of America. In its portfolio are Citylink, Cross city tunnel, the Eastern Distributor, and AirportlinkM7.
Citi is feeling positive about the company. Its analysts highlight the company’s positive exposure to inflation. The broker commented:
We believe TCLsâ 7.5% FY23 DPS guidance beat was driven by a range of one-off factors, along with improved traffic recovery. While this is positive for near term, longer term estimates remain largely unchanged. However, CPI-linked increases come through with a delay indicating a strong growth path ahead and we forecast c.6% p.a. DPS CAGR from FY23-FY26.
Citi has a buy rating and $16.00 price target on its shares.
In respect to dividends, the broker is forecasting dividends per share of 58 cents in FY 2023 and then 60 cents in FY 2024. Based on the current Transurban share price of $14.17, this will mean yields of 4.1% and 4.2%, respectively.
The post Buy these ASX dividend shares next week: analysts appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now…
See The 5 Stocks
*Returns as of March 1 2023
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- 2 ASX 300 shares cracking record highs on Friday
- These are the best ASX dividend shares to own: Morgans
- Why you need defensive ASX shares in your portfolio right now: WAM
- Give yourself a passive income boost with these ASX dividend shares: experts
- Morgans names 2 ASX dividend shares to buy with big yields
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.
from The Motley Fool Australia https://ift.tt/m95wxkE