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If you’re looking for a passive income boost to combat the cost of living crisis, then read on!

Listed below are three of the best ASX dividend shares to buy now according to analysts at Morgans.

Here’s why putting your money to work in these shares could be a good idea right now:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The first ASX dividend share to buy according to Morgans is Dalrymple Bay Infrastructure. The broker has an add rating and $2.63 price target on its shares.

It believes the coal terminal operator is well-placed to pay some big dividends in the coming years. It commented:

DBI holds the 99 year lease to the 85 Mtpa Dalrymple Bay Coal Terminal, of which c.80% of throughput is metallurgical coal (used in steelmaking). DBCT offers the cheapest export route-to-market for users within its Bowen Basin catchment region. DBCT is fully contracted from 2023 to 2028. Following the successful outcome to its customer tariff negotiations, DBI should be able to deliver resilient, inflation-linked, and very high margin revenues and has provided distribution guidance that implies c.8% cash yield growing at 3-7% pa.

As for income, it is forecasting dividend yields of 8.1% and 8.45% in FY 2023 and FY 2024, respectively.

Dexus Industria REIT (ASX: DXI)

Another passive income share to buy according to Morgans is this industrial property company. It has an add rating and $3.37 price target on its shares.

The broker likes the company due to its attractive valuation and yield, as well as the positive outlook for industrial property. It explained:

DXI’s portfolio is valued at $1.6bn across 93 properties and is weighted 89% towards industrial and logistics assets. The weighted average cap rate is around 5.1%; WALE +6 years; and occupancy 97.4%. DXI is trading at a discount to NTA, offers an attractive yield with solid underlying portfolio metrics and has near/medium term growth opportunities via the development pipeline as well as rental growth via its industrial portfolio. Gearing is around 23%.

Morgans is forecasting dividend yields of 6.15% in FY 2023 and 6.25% in FY 2024.

Universal Store Holdings Ltd (ASX: UNI)

Finally, another passive income option for investors is this youth fashion retailer. Morgans has an add rating and $7.00 price target on its shares.

It likes the company due to its exposure to younger consumers, which it expects to continue spending despite the tough economic environment. It commented:

Universal Store (UNI) is one of the largest and fastest growing fashion retailers in Australia. Through a national network of over 100 stores and a successful online platform, UNI curates a diverse range of men’s and women’s fashion, shoes and accessories from local and international brands as well as its own private labels. UNI’s stores trade under the Universal Store, Perfect Stranger and THRILLS banners. UNI has opportunities to grow steadily through the rollout of bricks and mortar stores, increased digital penetration and expansion of wholesale channels. While we recognise the general risk around a decline in consumer expenditure on discretionary categories like apparel, we highlight that the youth demographic is likely to be more resilient.

In respect to dividends, Morgans expects fully franked dividend yields of 5.9% in FY 2023 and 6.85% in FY 2024.

The post Huge yields! These are the best ASX passive income shares to buy now: Morgans appeared first on The Motley Fool Australia.

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More reading

• Buy these 3 ASX retail shares: Morgans
• Dividends: Why analysts rate these ASX shares highly
• This All Ords ASX share could pay a 10% dividend yield in 2025
• Buy these ASX dividend shares next week: analysts
• 2 ASX 300 shares cracking record highs on Friday

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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The Insurance Australia Group Ltd (ASX: IAG) dividend is due to hit bank accounts today.

IAG shares have descended 2.31% in the year to date to their current price of $4.62 apiece. In today’s trade, the IAG share price is down 0.22%.

For perspective, the S&P/ASX 200 Index (ASX: XJO) is sliding 0.92% in morning trade.

Let’s take a look at the details of the IAG dividend.

IAG dividend due to be paid today

IAG investors are due to receive an interim dividend of 6 cents per share today, 30% franked.

Today’s interim dividend corresponds to the 6 cents per share dividend paid out in the first half of 2022. However, in H122, the dividend was unfranked.

In the second half of 2022, IAG paid a dividend of 5 cents per share.

IAG reported a net profit after tax (NPAT) of $468 million in the first half of 2023, a 171% boost on the prior corresponding half. This result included a post-tax COVID business interruption provision benefit of $252 million.

The 2023 interim dividend reflects a payout ratio of 68% of NPAT, adjusted to reflect the after-tax business interruption.

This is in line with IAG’s dividend policy to pay 60 to 80% of NPAT, excluding the after-tax impact.

Commenting on the H122 results in February, IAG managing director and CEO Nick Hawkins said:

We delivered an improved net profit after tax and reported margin in the first half in challenging economic conditions.

Looking at IAG’s dividend history, in the 2022 year, IAG paid total dividends of 11 cents per share, including the 6 cents per share interim dividend and 5 cents per share final dividend.

In FY21, IAG paid total dividends of 20 cents per share.

However, in FY20, amid the COVID-19 outbreak, the company paid an interim dividend of 10 cents per share and did not pay a final dividend.

Back in FY19, IAG paid an interim dividend of 12 cents per share, a final dividend of 20 cents per share, and a special dividend of 5.5 cents per share.

Share price snapshot

The IAG share price rose 1.54% in the last year. However, it has slipped 3.55% in the last month.

For perspective, the ASX 200 has shed 5.64% in the past year.

IAG has a market capitalisation of more than $11 billion based on the current share price.

The post The IAG dividend is being paid today. Here’s the latest appeared first on The Motley Fool Australia.

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More reading

• 5 ASX 200 shares that inflation can’t touch: expert
• Warren Buffett is invested in IAG shares, should you be?
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Motley Fool contributor Monica O’Shea 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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After starting the year strongly, a number of ASX uranium shares have pulled back in recent weeks.

This has caught the eye of Bell Potter, with the broker suggesting that investors take advantage of this weakness to pick up shares.

It highlights that “ASX uranium stocks are off to a wobbly start in 2023, despite fundamentals remaining positive.”

Which ASX uranium shares are buys?

According to the note, the broker has named Boss Energy Ltd (ASX: BOE) and Paladin Energy Ltd (ASX: PDN) as its top two uranium shares to buy now, with Deep Yellow Limited (ASX: DYL) also a worthy candidate.

It has a speculative buy rating and $3.51 price target on Boss Energy shares, which implies potential upside of 63% over the next 12 months.

Whereas for Paladin Energy, the broker has a speculative buy rating and 99 cents price target on its shares. This implies potential upside of 69% between now and this time next year.

Finally, it has a speculative buy rating and $1.04 price target on Deep Yellow shares, which suggests almost 100% upside for investors.

Bell Potter explained why it is bullish on these uranium shares, it said:

BOE and PDN are our top two picks for restart operations. BOE is expecting to restart its Honeymoon uranium mine in Dec-23, with the next key catalyst being announcement of binding offtake agreements. PDN is expecting to restart the globally significant Langer Heinrich Mine in the Mar-24 quarter, with utility offtake contracts secured covering the majority of production over CY2024 and CY2025. In the developers/explorers space we like Deep Yellow Ltd (DYL – Buy Speculative, valuation $1.04/sh) on a valuation basis with two advanced projects, Tumas and Mulga Rock, looking to feed into the market towards the middle/end of the decade.

The post Buy these ASX uranium shares before it’s too late: Bell Potter appeared first on The Motley Fool Australia.

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• Uranium and gold: What are the best ASX shares to buy for these minerals?
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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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The Core Lithium Ltd (ASX: CXO) share price hit a new 52-week low today despite the S&P/ASX 200 Index (ASX: XJO) battery metals miner announcing the sale of its maiden production.

Chinese industrial group Sichuan Yahua has agreed to buy the lithium produced during the Finniss Project’s dense media separation (DMS) commissioning, and some more on top.

Right now, the Core Lithium share price is 75.5 cents, 4.4% lower than its previous close.

That’s a slight improvement on its intraday (and new 52-week) low of 75 cents – marking a 5% tumble.

Let’s take a closer look at the milestone agreement announced by the newest ASX 200 lithium producer.

Core Lithium signs milestone sales agreement

The Core share price plummeted to a long-forgotten low this morning after the company revealed Yahua has loaded up on even more Finniss lithium.

The lithium miner announced its maiden spodumene concentrate production late last month. It expects to produce around 3,500 tonnes of the material during its DMS commissioning phase.

And now that lithium has found a home. Yahua will buy the parcel on a free on board (FOB) basis, with shipment tipped for the end of next month.

The Chinese company has also signed for the purchase of an extra 15,000 tonnes of the material ­– expected to be mined from the Finniss Project’s Grants pit – under a pre-payment arrangement.

It will pay for 80% of the volume in April and the rest upon shipment. The price payable is linked to the commodity market with no floor or ceiling.

That’s on top of the offtake agreement Yahua signed in 2019, set to see it snapping up 300,000 tonnes of Finniss lithium over four years.

Core Lithium CEO Gareth Manderson commented on the news seemingly weighing on the company’s share price today, saying:

We are pleased to put these mutually beneficial agreements in place which sees us sell our high quality spodumene concentrate to a valued customer.

The prepayment provides additional working capital and assists Core to manage our cash flow as we continue to ramp up operations.

Core Lithium share price snapshot

Today’s tumble has only added to the lithium stock’s recent troubles.

It’s currently down 25% year to date and 39% since this time last year.

For comparison, the ASX 200 is trading flat year to date and has fallen 6% over the last 12 months.

The post Core Lithium share price tumbles 4% on milestone sales agreement appeared first on The Motley Fool Australia.

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More reading

• What was with ASX lithium shares today?
• Is the Core Lithium share price a buy at 84 cents?
• Here are the 10 most shorted ASX shares this week
• 5 things to watch on the ASX 200 on Monday
• The Core Lithium share price just hit a 52-week low. Time to pounce?

Motley Fool contributor Brooke Cooper 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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The S&P/ASX 200 Index (ASX: XJO) is down 0.88% in morning trade on Thursday.

This comes on the heels of the latest interest rate increase by the United States Federal Reserve, announced overnight Aussie time.

ASX 200 slides on US rate hike

Having gained 0.9% yesterday, the ASX 200 is following US markets lower today after the Fed boosted rates in the world’s top economy by another 0.25%.

The Federal Open Market Committee (FOMC) members were unanimous in their decision.

The latest lift makes it nine meetings in a row that the FOMC has boosted rates. The official US interest rate now stands at 5%. That’s the highest borrowing costs since September 2007, shortly before the onset of the GFC.

The move was widely expected, with some 80% of polled economists predicting a quarter-percentage increase.

Some ASX 200 investors will still be disappointed, having hoped for a pause in the wake of the banking crisis unleashed by the collapse of Silicon Valley Bank.

However, Fed chair Jerome Powell indicated his confidence that the US banking sector is sound and can withstand additional rate hikes if needed to tame still-hot inflation.

“We are committed to restoring price stability, and all of the evidence says that the public has confidence that we will do so,” Powell said. “It is important that we sustain that confidence with our actions as well as our words.”

According to Bloomberg economists Anna Wong, Stuart Paul, and Eliza Winger:

A 25-basis-point hike at the March meeting shows the FOMC is resolved to prioritize use of monetary-policy tools to fight too-high inflation. It also signalled their confidence in the US banking system.

What can ASX 200 investors expect next?

Powell remained committed to bringing inflation back within the Fed’s target range, but his language took a decidedly dovish turn.

“We no longer state that we anticipate ongoing rate increases will be appropriate to quell inflation. Instead, we now anticipate that some additional policy firming may be appropriate,” he said.

However, ASX 200 investors shouldn’t expect any rate cuts from the world’s most influential central bank this year, with Powell saying the FOMC members “just don’t” see that happening in 2023.

Rather than refer to additional rate hikes on the horizon, the Fed stated it “anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2% over time”.

Officials expect the US benchmark rate will stand at 5.1% at the end of the year and average 4.3% in 2024.

What the experts are saying

Many analysts are concerned that the Fed may be too optimistic in its assessment of the health of the US and international banking sectors.

That could lead to the Fed easing sooner than expected, which would likely see US stocks and the ASX 200 rally.

According to ING chief international economist James Knightley (quoted by Bloomberg):

The Fed appears quietly confident the economy won’t be heavily disrupted by recent banking sector woes. We are a more pessimistic. Our concern was that this has been the most aggressive monetary policy tightening cycle for 40 years and by going harder and faster into restrictive territory you naturally have less control over the outcome.

Portfolio manager at Integrity Asset Management Joe Gilbert added:

Powell is trying to have it both ways. He is trying to appease both the hawks and the doves. This ultimately may be the last rate hike this year, but Powell has to make the market believe that it isn’t because that would loosen financial conditions too much.

The softening to come in the economy from the banking collapses has yet to be felt and the Fed knows this but they cannot be alarmists.

The post ASX 200 tumbles on US Fed interest rate hike. Now what? appeared first on The Motley Fool Australia.

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More reading

• Why is the Weebit Nano share price frozen?
• Brickworks share price higher on record half-year profit
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• Give yourself a passive income boost with these growing ASX 200 dividend shares: analysts
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Motley Fool contributor Bernd Struben 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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The Weebit Nano Ltd (ASX: WBT) share price has avoided the market weakness on Thursday.

That’s because the company requested a trading halt prior to the market open.

Why is the Weebit Nano share price frozen?

The Weebit Nano share price was slammed into a trading halt this morning after the company took advantage of a sensational rise over the last 12 months to launch an inevitable capital raising.

As you can see below, the semiconductor company’s shares have more than doubled over the last 12 months.

Though, as you can also see on that chart, Weebit Nano could have got so much more bang for its buck if it had launched this capital raising sooner. The Weebit Nano share price peaked at $9.03 earlier this month, whereas it closed the last session 38.5% lower than this level at $5.54.

It seems that some investors suspected that a capital raising was coming and sold off their shares.

Why is Weebit Nano raising capital?

The company has yet to reveal why it is raising capital, how much it is raising, and, importantly, at what price it is seeking to raise funds.

All we know at this stage, is that it is proposing a capital raising comprising an institutional placement and a share purchase plan.

Weebit Nano has requested that the trading halt remain in place until the earlier of the opening of trading on Friday or the completion of the institutional placement.

Interestingly, the company certainly isn’t short of cash. At the end of December, it was sitting on a cash balance of approximately $45 million. So, it will be interesting to see what it plans to do with the proceeds of this capital raising.

The post Why is the Weebit Nano share price frozen? 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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The Brickworks Limited (ASX: BKW) share price is on the move on Thursday morning.

At the time of writing, the buildings products company’s shares are up 2% to $23.50.

This follows the release of the company’s half-year results.

Brickworks share price higher on half-year results

• Revenue up 13% to $584 million
• Underlying EBITDA up 25% to $607 million
• Underlying net profit after tax up 24% to a record of $410 million
• Interim dividend up 5% to 23 cents per share

What happened during the first half?

For the six months ended 31 January, Brickworks reported a 13% increase in revenue to $584 million. This reflects an 11% increase in Building Products Australia revenue to $364 million and an 18% lift in Building Products North America revenue to $220 million.

Growing even quicker was the company’s underlying EBITDA, which increased 25% over the prior corresponding period to $607 million. This was driven largely by its property joint venture with Goodman Group (ASX: GMG), which offset flat EBITDA from its Building Products operations.

Brickworks’ property business generated EBITDA of $453 million, with the sale of Oakdale East Stage 2 contributing strongly to its earnings.

This ultimately led to the company reporting a 24% increase in underlying net profit after tax to a record of $410 million, which allowed the Brickworks board to increase its fully franked interim dividend by 5% to 23 cents per share.

Management commentary

Brickworks’ managing director, Lindsay Partridge, was pleased with the half. Commenting on the strong-performing property business, he said:

Despite increasing interest rates, we are continuing to experience strong demand for prime industrial property. Major customers are seeking well-located sites, with large land footprints, on which to develop specialised, high-value facilities. The addition of a significant new parcel of land at Oakdale East is well suited to accommodate this demand. This new Estate will provide an additional development pipeline of around five years and once completed, is expected to deliver around $1 billion in additional leased asset value to the Trust.

Outlook

Management appears optimistic on the company’s property business during the second half. Partridge adds:

Within our Property Trusts, the development pipeline is strong, and we expect a significant increase in rental income over the coming years as new developments are completed and rent reviews are undertaken.

And while the managing director acknowledges that difficult trading conditions are coming for its Building Products businesses, it remains cautiously optimistic on its near term outlook. He explained:

Across Building Products, we are confident that sales will remain resilient in the second half. However, there is no doubt that a slowdown in activity will arrive before the end of the calendar year, once the existing pipeline of work is built out.

The impact of the slowdown is likely to be more significant for our Australian business, where exposure to detached housing is greatest. By contrast, the North American operations have a broader end market exposure, and stand to benefit from the relative strength of the non-residential segment. Across both countries, manufacturing costs will benefit from the extensive plant rationalisation and upgrade activities completed over the past few years.

The post Brickworks share price higher on record half-year profit appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
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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 positions in and has recommended Brickworks. The Motley Fool Australia has positions in and has recommended Brickworks. 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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The turbulent times that investors have faced last year and this year are forcing many to turn to ASX dividend shares for comfort.

The idea is that the income can make up for the lack of capital growth, and the relative popularity of such stocks will keep their valuations steady.

Wilson Asset Management analysts this week named two such S&P/ASX 200 Index (ASX: XJO) shares that are ripe for buying at the moment:

‘Exceptional asset allocators’

DEXUS Property Group (ASX: DXS) is a real estate group that’s best known for its office assets.

Despite the flight of workers away from the office after COVID-19, the stock has been “a favourite” for Wilson equity analyst Anna Milne’s team.

“Although there has been this ‘work from home forever’ mentality, their last result really proved that this isn’t the case,” Milne said in a Wilson video.

“Operationally it looks like it’s improving.”

Dexus is paying out an impressive dividend yield of almost 7%.

But with the share price falling more than 31% since April, the biggest temptation for Milne is how cheap it is right now.

“For us, it’s a valuation call. They’re trading at a 30% discount to their net tangible assets. Their funds management business is valued at zero.”

Plus the Wilson team reckons the people running Dexus are “exceptional asset allocators”.

“So we’re happy to be with them for the medium term — Dexus is still a buy.”

Incredible pricing power

Telstra Group Ltd (ASX: TLS) shares may have been frustrating to own in the past, but the business seems to be on the up with a new chief executive at the helm.

The stock price is now 10.6% higher than it was six months ago, while paying a dividend yield of 3.84%.

Milne called the telecommunications stock “a certainty in an uncertain environment”.

“The Telstra dividend is safer than houses. So Telstra’s a buy,” she said.

“The industry is acting extremely rationally. All their competitors are lifting prices, which means it gives them the green light to lift prices again come June-July. So we really like Telstra.”

Milne is not the only one bullish on Telstra.

According to CMC Markets, a remarkable 13 out of 15 analysts currently rate the stock as a buy.

The post ‘Safer than houses’: 2 ASX 200 shares that are pumping out the dividends appeared first on The Motley Fool Australia.

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More reading

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• Why Goldman Sachs is bullish on the Telstra share price
• 5 things to watch on the ASX 200 on Tuesday
• Forget term deposits and buy these ASX 200 dividend shares: analysts
• AMP share price dips despite $337m sale win

Motley Fool contributor Tony Yoo 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 Telstra 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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I think that Nick Scali Limited (ASX: NCK) is one of the most underrated ASX dividend shares on the ASX. In FY25, it could pay a very handsome dividend, resulting in strong cash returns, regardless of what the Nick Scali share price does.

Over the past year, the Nick Scali share price has dropped by over 20%. Since 3 February 2023, it has fallen by close to 30%.

The fall of Nick Scali’s valuation means that the forward dividend yield, whatever it ends up being, is boosted.

Let’s have a look at how big that dividend is currently projected to be.

ASX dividend share’s FY25 payout estimate

Forecasts are just educated guesses, so don’t take these estimates as guaranteed at all.

The estimates on Commsec are as good as any projection at this stage.

At the moment, for FY25, Nick Scali is projected to pay an annual dividend per share of 61.3 cents. At the current Nick Scali share price, that translates into a grossed-up dividend yield of 9.7%.

There aren’t too many S&P/ASX All Ordinaries Index (ASX: XAO) dividend shares that are projected to pay a dividend yield that large in the 2025 financial year.

Of course, there may be a bit of dividend and profit pain before then, in FY24.

In FY24, the dividend per share is currently expected to be 58.8 cents per share. That translates into an FY24 grossed-up dividend yield of 9.25%. In other words, the dividend yield could remain above 9% despite an expected decline in profit in FY24.

The good nor the bad to last forever?

The COVID-19 period saw a large increase in demand for Nick Scali’s furniture as people put greater value on spending on their homes, and had the funds to do it.

It would have been unrealistic to think that Australians were going to buy more furniture year after year. I do expect that FY24 is going to show a sizeable decrease in profit compared to FY23. We’ll just have to see what the size of the decline looks like.

But, I think it would also be unwise to think that weaker retail conditions are going to last forever for the ASX dividend share.

The current numbers suggest that Nick Scali’s earnings per share (EPS) could increase by 7.5% in FY25, compared to FY24.

Nick Scali can grow its underlying operations by expanding the store numbers of Nick Scali and Plush, growing online earnings and expanding their ranges. The business can also be an indirect beneficiary of Australia’s growing population.

Is the Nick Scali share price good value?

Nick Scali shares are currently priced at under 8 times FY23’s estimated earnings and under 10x FY25’s estimated earnings.

I think Nick Scali shares have been oversold when considering how earnings in FY25 and beyond may look more promising than how FY24 earnings may perform.

Even if the ASX dividend share’s same store sales don’t perform that well, the expanding store count can help offset some of the declines. I’d be happy to buy it for the sentiment recovery and store network expansion plans.

The post This ASX dividend share is projected to pay a yield of over 9% by 2025 appeared first on The Motley Fool Australia.

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More reading

• I reckon these are 2 of the best ASX income stocks to buy in March
• Top ASX small-cap shares to buy in March 2023

Motley Fool contributor Tristan Harrison 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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Do you want a passive income boost? If you do, then the ASX dividend shares listed below that analysts have named as buys could help you.

Here’s why these could be passive income shares to buy now:

Transurban Group (ASX: TCL)

The first ASX 200 dividend share for investors to consider buying is toll road operator Transurban.

Analysts at Citi are positive on the company. They were pleased with last month’s half-year results and appear confident that it can build on this in the second half and FY 2024. Particularly given that “CPI-linked increases come through with a delay,” which the broker believes is “indicating a strong growth path ahead.”

In respect to dividends, the broker is forecasting dividends per share of 58 cents in FY 2023 and then 60 cents in FY 2024. Based on the current Transurban share price of $14.12, this will mean yields of 4.1% and 4.25%, respectively.

Citi has a buy rating and $16.00 price target on its shares.

Woolworths Limited (ASX: WOW)

Another ASX 200 dividend share that has could provide investors with a passive income boost is Woolworths.

Goldman Sachs is very positive on the company and has it on its conviction list. It is a fan due to Woolworths’ strong market position and digital leadership, which it expects to support further market share and margin gains.

As for dividends, the broker is forecasting fully franked dividends of $1.03 per share in FY 2023 and $1.16 per share in FY 2024. Based on the current Woolworths share price of $37.32, this will mean yields of 2.8% and 3.1%, respectively.

Goldman has a conviction buy rating and $41.00 price target on the company’s shares.

The post Give yourself a passive income boost with these growing ASX 200 dividend shares: analysts appeared first on The Motley Fool Australia.

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More reading

• ‘Increased confidence’: Alphinity reveals 2 ASX 200 shares it just bought
• Experts name 2 high quality ASX 200 shares to buy for your retirement portfolio
• Where I would go hunting for defensive ASX 200 shares with upside
• Top brokers name 3 ASX shares to buy next week
• Buy these ASX dividend shares next week: analysts

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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