If youâre looking to boost your passive income this year, then you may want to look at the shares listed below.
These ASX shares have been tipped to pay their shareholders very attractive dividends in 2023. Here’s what you need to know about them:
Accent Group Ltd (ASX: AX1)
The first ASX dividend share that has been named as a buy is Accent.
The footwear and youth apparel retailer could be a top option for investors according to Goldman Sachs.
The broker believes that Accentâs numerous retail brands are well-placed in the current environment due their strong market position and exposure to younger consumers. Goldman expects the latter to continue spending as normal in 2023 due to a rise in the minimum wage and lower exposure to rising interest rates.
The broker expects this to lead to fully franked dividends of 10.2 cents per share in FY 2023 and 11.4 cents per share in FY 2024. Based on the current Accent share price of $1.78, this will mean yields of 5.7% and 6.4%, respectively.
Goldman has a buy rating and $2.20 price target on the companyâs shares.
South32 Ltd (ASX: S32)
Another ASX dividend share that has been named as a buy is South32.
Morgans is very positive on this mining giant, which owns a diverse collection of operations that provide exposure to commodities including aluminium, copper, manganese, and nickel.
Its analysts like South32 due to its âclear exposure to a recovery scenario for China growthâ and its portfolio transformation and strong balance sheet. It sees the latter as âsupporting potential for further M&A.â
As for dividends, Morgans is expecting South32 to pay fully franked dividends per share of 23 cents in FY 2023 and 21.6 cents in FY 2024. Based on the current South32 share price of $4.45, this will mean yields of 5.15% and 4.9%, respectively.
The broker has an add rating and $5.30 price target on South32âs shares.
The post Buy these ASX dividend shares for a passive income: experts appeared first on The Motley Fool Australia.
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*Returns as of January 5 2023
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More reading
- Here are the 3 most heavily traded ASX 200 shares on Tuesday
- Here are the top 10 ASX 200 shares today
- Here are the 3 most heavily traded ASX 200 shares on Monday
- Looking to buy South32 shares? Here are the key dates to watch in 2023
- Here are the top 10 ASX 200 shares today
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 recommended Macquarie 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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