If you’re looking for a passive income boost, then you may want to check out the ASX dividend shares listed below.

Analysts have named these ASX shares as buys and tipped them to pay their shareholders attractive dividends this year and next. Here’s what you need to know::

Healthco Healthcare and Wellness REIT (ASX: HCW)

The first ASX dividend share for income investors to consider is the Healthco Healthcare and Wellness REIT.

It is a health and wellness focused real estate investment trust that invests in properties such as hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness properties.

Morgans is positive on the company and continues to forecast attractive dividend yields from its shares.

For example, Morgans is expecting in dividends per share of 7.5 cents in FY 2023 and 7.8 cents FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.47, this will mean yields of 5.1% and 5.3% for investors.

Morgans has an add rating and $2.06 price target on its shares.

Rio Tinto Ltd (ASX: RIO)

Another ASX dividend share for income investors to look at is mining giant Rio Tinto.

It could be a top option for investors that are happy to invest in the mining sector. Particularly given the very attractive dividend yields its shares are tipped to provide in the coming years.

Goldman Sachs is very bullish and believes that Rio Tinto is a great option due to its “compelling valuation” and “return to production growth in 2023.”

Combined with strong iron ore prices, its analysts are expecting this to lead to fully franked dividends per share of US$5.33 in FY 2023 and then US$5.98 in FY 2024. Based on current exchange rates and the latest Rio Tinto share price of $114.80, this will mean yields of 6.9% and 7.7%, respectively.

Goldman Sachs has a conviction buy rating and price target of $140.40.

The post Buy these ASX dividend shares with 5%+ yields: analysts appeared first on The Motley Fool Australia.

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More reading

• 3 top ASX mining shares I’d buy right now
• These ETFs could be top options for buy and hold investors
• How I’d aim to retire rich enough to live on passive income from my ASX dividend shares
• How to generate $500 of monthly income from Rio Tinto shares
• Is it time to buy ASX 200 iron ore shares right 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 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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