Boost your passive income with these ASX dividend shares after Christmas: Brokers

If you’re looking to boost your income after Christmas with some dividend shares, then you might want to consider the ones listed below.

Both dividend shares are rated as buys and expected to provide investors with attractive yields in the near term.

Here’s what you need to know about them:

Adairs Ltd (ASX: ADH)

Adairs has been named as an ASX dividend share to buy. It is the furniture and homewares retailer behind the Adairs, Mocka, and Focus on Furniture brands.

Goldman Sachs currently has a buy rating and $2.65 price target on the company’s shares. The broker was pleased with Adairs’ update at its annual general meeting, which revealed that it was performing in line with guidance in FY 2023. Its analysts said:

We view the re-affirmed guidance as a key positive for ADH, and we believe the market is pricing in EBIT that is 11-21% below the guidance range, and 12% below GSe. We view the core Adairs business as resilient in the current environment and do not believe the c.40% discount to discretionary retail peers is justified.

And while the weakness in the Adairs share price this year has been disappointing, it does potentially mean some very big dividend yields are on the horizon.

Goldman is forecasting fully franked dividends per share of 17 cents in FY 2023 and 20 cents in FY 2024. Based on the latest Adairs share price of $2.15, this will mean yields of 7.9% and 9.3%, respectively.

Dexus Industria REIT (ASX: DXI)

This industrial property company could be another dividend share to buy according to analysts at Morgans. It has an add rating and $3.25 price target on the industrial property company’s shares.

Morgans likes Dexus Industria due to its exposure to key industrial markets, which it notes remain robust and have a solid rental growth outlook thanks to strong tenant demand. The broker said:

DXI’s key industrial markets remain robust with the outlook for solid rental growth backed by strong tenant demand. The development pipeline also provides near and medium term upside potential. A key focus will be the leasing up of the business park assets and a potential divestment could be a positive catalyst. While the portfolio remains well positioned we acknowledge there will be near-term uncertainty around interest rates.

Another positive is that Morgans is expecting some attractive dividend yields in the coming years. Its analysts are forecasting dividends per share of 16.4 cents in FY 2023 and 16.9 cents in FY 2024. Based on the current Dexus Industria share price of $2.92, this will mean yields of 5.6% and 5.8%, respectively.

The post Boost your passive income with these ASX dividend shares after Christmas: Brokers appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 10 ASX shares I think are buys for 2023
• The cheap ASX shares to buy for dividends: Goldman Sachs
• If I was 40 and had never invested, here’s how I’d aim to build a $500,000 ASX share portfolio
• Top ASX dividend shares to buy in December 2022
• I’d aim for $1 million, buying just 10 cheap ASX shares

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 positions in and has recommended Adairs. The Motley Fool Australia has positions in and has recommended Adairs. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/AcsKuvk