Analysts say buy these high yield ASX dividend shares for a passive income

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 bigger than average dividends in the near term. Here’s what you need to know:

Charter Hall Long WALE REIT (ASX: CLW)

The first high yield ASX dividend share to consider is the Charter Hall Long Wale REIT.

This property company has a focus on assets with long weighted average lease expiries (WALE). In fact, at the last count, it had a WALE of approximately 12 years. Combined with its 99.9% occupancy rate, this bodes well for the future.

Citi is a fan of the company due to its low risk income stream, long leases, high occupancy rate, and inflation-linked rental increases.

The broker expects this to support 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 $4.22, this will mean yields of 6.6% and 6.7%, respectively.

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

Healthco Healthcare and Wellness REIT (ASX: HCW)

Another high yield ASX dividend share for passive income seekers to look at is the Healthco Healthcare and Wellness REIT.

As you might have guessed from its name, it is a real estate investment trust (REIT) with a focus on health and wellness properties. This includes 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 is forecasting big returns and attractive dividend yields from its shares.

For example, the broker is expecting 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 $1.43, this will mean yields of 5.2% and 5.45% for investors.

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

The post Analysts say buy these high yield ASX dividend shares for a passive income 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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