Analysts say these ASX shares will give you a passive income boost

A woman looks excited as she fans out a wad of Aussie $100 notes.

A woman looks excited as she fans out a wad of Aussie $100 notes.

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

Both of these ASX shares have been tipped to provide their shareholders with very attractive dividend yields this year and next. Here’s what they are forecasting:

Dexus Industria REIT (ASX: DXI)

Dexus Industria could be an ASX dividend share to buy this week.

Morgans is positive on the industrial and office property company due to its expectation of solid rental growth backed by strong tenant demand. In addition, the broker highlights that its development pipeline provides near and medium term upside potential.

All in all, the broker expects this to lead to Dexus Industria paying dividends per share of 16.5 cents in FY 2023 and then 16.8 cents in FY 2024. Based on the current Dexus Industria share price of $2.76, this will mean yields of 6% and 6.1%, respectively.

Morgans also sees decent upside ahead for its shares with its add rating and $3.37 price target.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that could be in the buy zone right now is Rural Funds.

It is a property company operating at a very different side of the market to Dexus Industria. Rural Funds owns a portfolio of high quality assets across a number of agricultural industries such as orchards, vineyards, water entitlements, cropping, and cattle farms.

Bell Potter is positive on its outlook and expects some attractive dividend yields in the coming years. It is forecasting an 11.7 cents per share dividend in FY 2023 and then a 12.2 cents per share dividend in FY 2024. Based on the current Rural Funds share price of $1.95, this represents yields of 6% and 6.25%, respectively.

Bell Potter has a $2.65 price target on its shares.

The post Analysts say these ASX shares will give you a passive income boost 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 positions in and has recommended Rural Funds Group. 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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