Analysts expect 6% yields from these ASX dividend shares in 2023

Are you looking for dividend shares to buy? Listed below are two high yield ASX dividend shares that analysts rate highly.

Here’s why they 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.

The Charter Hall Long Wale REIT is a property company focused on high quality real estate assets that are leased to corporate and government tenants on long term leases.

Analysts at Citi are positive on the company due to its “low risk income stream with c. 12 year WALE and 99.9% occupancy.”

The broker is also expecting Charter Hall Long Wale REIT to provide investors with some very attractive dividend yields in the near term. Citi is forecasting 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 $4.49, this will mean yields of 6.2% and 6.45%, respectively.

Citi currently has a buy rating and $4.70 price target on its shares.

Westpac Banking Corp (ASX: WBC)

Another high yield ASX dividend share that has been tipped as a buy is banking giant Westpac.

Thanks to rising interest rates and the bank’s major cost cutting plans, it has been tipped to generate solid earnings growth in the coming years. This is expected to underpin some big dividends for investors.

For example, Goldman Sachs is forecasting fully franked dividends per share of 148.4 cents in FY 2023 and 160 cents in FY 2024. Based on the current Westpac share price of $23.66, this will mean yields of 6.3% and 6.75%, respectively.

Goldman also sees plenty of upside potential for the shares of Australia’s oldest bank. It currently has a conviction buy rating and $27.60 price target on them.

The post Analysts expect 6% yields from these ASX dividend shares in 2023 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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