Analysts name 2 ASX dividend shares with good yields to buy

These dividend shares offer attractive yields…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you looking to boost your income with some dividend shares? Then you might want to look at the two listed below.

Both of these dividend shares are expected to provide investors with attractive yields in the near term. Here's what you need to know about them:

Four investors stand in a line holding cash fanned in their hands with thoughtful looks on their faces.

Image source: Getty Images

Coles Group Ltd (ASX: COL)

The first ASX dividend share for income investors to consider is supermarket giant Coles.

It could be a top option for income investors due to its defensive qualities and the positive outlook of its growing network of supermarket, convenience stores, and liquor stores.

In addition, this network is being supported by the company's bold refreshed strategy, which is focusing on cutting costs through automation and efficiencies. This is expected to boost Coles' profitability in the coming years.

Morgans is positive on Coles and has an add rating and $20.65 price target on its shares.

In respect to dividends, the broker is forecasting fully franked dividends of 61 cents per share in FY 2022 and 64 cents per share in FY 2023. Based on the latest Coles share price of $18.64, this will mean yields of 3.3% and 3.4%, respectively.

National Storage REIT (ASX: NSR)

Another ASX dividend share to look at is leading self-storage operator, National Storage.

Through its portfolio of over 200 centres, the company provides tailored storage solutions to approximately 100,000 residential and commercial customers.

But management isn't settling for that and continues to see plenty of room to grow in the future. This is because the self storage industry remains highly fragmented, which provides National Storage with plenty of high-quality acquisition opportunities to bolster its growth inorganically.

Ord Minnett is a fan of National Storage. The broker currently has a buy rating and $2.70 price target on its shares.

As for dividends, its analysts are forecasting dividends per share of 10 cents in FY 2022 and 11 cents in FY 2023. Based on the current National Storage share price of $2.41, this equates to yields of 4.15% and 4.55%, respectively.

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

More on Dividend Investing

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

3 cheap ASX dividend shares offering 5% to 6% yields (and major upside)

Brokers are tipping these shares as buys for income investors.

Read more »

A woman standing in a blue shirt smiles as she uses her mobile phone.
Dividend Investing

The ASX shares I'd buy for passive income in April and beyond

I think passive income is not just about yield. It is about building a reliable stream of dividends over time.

Read more »

Two people climb to the summit and raise their arms in success as the sun rises brightly over the mountains.
Dividend Investing

2 ASX dividend shares yielding 7% or more

If you're looking for dividend shares which pay around 7%, these are two of my picks.

Read more »

Australian dollar notes in the pocket of a man's jeans, symbolising dividends.
Broker Notes

Why this quality ASX dividend share is tipped to surge 55%

A leading broker expects this ASX stock could rocket 55% atop paying two annual dividends.

Read more »

Happy dad watching tv with kids, symbolising passive income.
Dividend Investing

3 ASX dividend shares I'd buy for reliable passive income

I think building income from ASX shares starts with choosing the right types of businesses.

Read more »

A mature aged man with grey hair and glasses holds a fan of Australian hundred dollar bills up against his mouth and looks skywards with his eyes as though he is thinking what he might do with the cash.
Dividend Investing

Is this one of the best ASX passive income stocks to buy right now?

This business is paying a great level of income…

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

1 ASX dividend stock down 43% I'd buy right now

This business is a leading idea for passive income!

Read more »

Australian notes and coins symbolising dividends.
Dividend Investing

$1,000 buys 100 shares in an incredibly reliable ASX 200 dividend stock

This business has been very resilient and still looks like a great buy.

Read more »