Analysts name 2 ASX dividend shares to buy with great yields

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

If you are looking to boost your income with some dividend shares, then two listed below could be worth a closer look.

Both of these dividend shares are expected to provide investors with great 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

Harvey Norman Holdings Limited (ASX: HVN)

The first ASX dividend share that could be in the buy zone is retail giant Harvey Norman.

It has been tipped as a buy by analysts at Goldman Sachs. This is due to the broker's belief that Harvey Norman is well-placed to defend its strong market position from online disruption thanks to its favourable customer demographics.

Goldman is expecting this to lead to above consensus earnings and big dividends in the near future.

In respect to the latter, its analysts are forecasting fully franked dividends per share of 38 cents in FY 2023 and 32 cents in FY 2024. Based on the current Harvey Norman share price of $3.91, this will mean yields of 9.7% and 8.2%, respectively.

The broker also sees plenty of upside for Harvey Norman's shares with its buy rating and $4.80 price target.

National Storage REIT (ASX: NSR)

Another ASX dividend share that has been tipped as a buy is National Storage.

National Storage is one of the ANZ region's leading self-storage operators with over 225 centres that provide tailored storage solutions to 90,000+ residential and commercial customers.

Ord Minnett is a fan of the company and is expecting it to be able to reward shareholders with attractive dividends in the coming years.

For example, it is forecasting dividends per share of 11 cents in both FY 2023 and FY 2024. Based on the current National Storage share price of $2.38, this equates to yields of 4.6%.

Ord Minnett has a buy rating and $2.70 price target on its 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 Harvey Norman Holdings Ltd. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. 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

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 »

Woman holding $50 notes with a delighted face.
Dividend Investing

Why this ASX dividend share is a retiree's dream

This stock can offer investors everything they want in retirement.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Why ASX dividend investing still works for building long-term wealth

Here's a strategy that continues to deliver results for investors.

Read more »