Want passive income? Analysts say you can get 6%+ yields with these ASX dividend shares

If you are searching for ASX dividend shares to buy, then you may want to check out the two high yield option listed below.

Here’s why analysts are bullish on them:

Charter Hall Long WALE REIT (ASX: CLW)

The first high yield 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.

The team at Citi is positive on Charter Hall Long Wale REIT. Its analysts highlight its “low risk income stream with c. 12 year WALE and 99.9% occupancy.”

The broker expects this to underpin 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 $4.23, this will mean yields of 6.6% and 6.85%, respectively.

Citi currently has a buy rating and $5.00 price target on its shares.

Westpac Banking Corp (ASX: WBC)

Another ASX dividend share that analysts have named as a buy is Westpac.

Goldman Sachs is very bullish on the banking giant and believes its exposure to rising interest rates and the bank’s major cost cutting plans will support strong earnings and dividend growth in the coming years.

The broker is forecasting fully franked dividends per share of 147 cents in FY 2023 and 156 cents in FY 2024. Based on the current Westpac share price of $21.33, this will mean yields of 6.9% and 7.3%, respectively.

Goldman also sees plenty of upside potential for its shares and currently has a conviction buy rating and $27.74 price target on them.

The post Want passive income? Analysts say you can get 6%+ yields with these ASX dividend shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Westpac Banking. 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 Westpac Banking. 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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