Buy these ASX passive income shares with 5%+ yields today: experts

If you’re looking for dividend shares to buy this week to boost your passive income, then the two listed below could be worth checking out.

Both have recently been named as buys by analysts and tipped to provide very attractive yields. Here’s what you need to know about them:

Accent Group Ltd (ASX: AX1)

This footwear and youth apparel retailer could be an ASX passive income share to buy.

Thanks to its strong market position, popular retail brands, and exposure to younger consumers, Accent has been tipped to grow strongly in the coming years.

This is expected to lead to the retailer rewarding its shareholders with a growing stream of dividends.

For example, according to a note out of Goldman Sachs, its analysts are expecting the company to increase its dividend to a fully franked 12.2 cents per share in FY 2023. Based on the current Accent share price of $2.24, this will mean a yield of 5.4%.

Goldman has a buy rating and $2.75 price target on Accent’s shares.

Charter Hall Long WALE REIT (ASX: CLW)

Another ASX income share that could be a top option for investors is the Charter Hall Long Wale REIT.

It is a property company that is focused on high quality real estate assets that are leased to corporate and government tenants on long term leases.

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

The broker believes this will underpin the payment of 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 $4.68, this will mean yields of 6% and 6.2%, respectively.

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

The post Buy these ASX passive income shares with 5%+ yields today: experts 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 recommended Accent 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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