Boost your passive income with these ASX dividend shares next year

Attractive dividend yields are expected from these shares next year…

| More on:
A man smiles as he holds bank notes in front of a laptop.

Image Source: Getty Images

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

There are plenty of ASX dividend shares for investors to choose from on the Australian share market.

But which ones should you buy for 2023? Two that have been named as buys are listed below. Here's what brokers are saying about them:

Macquarie Group Ltd (ASX: MQG)

The first ASX 200 dividend share to consider for 2023 is investment bank Macquarie.

It has been tipped as a buy by analysts at Morgans. The broker is bullish on the investment bank due largely to its exposure to long-term structural growth areas such as infrastructure and renewables.

The broker also sees opportunities for Macquarie to "gain market share in Australian mortgages" and benefit from "recent market volatility through its trading businesses."

In respect to dividends, Morgans is forecasting partially franked dividends of $7.07 per share in FY 2023 and $7.47 per share in FY 2024. Based on the current Macquarie share price of $167.98, this will mean yields of 4.2% and 4.45%, respectively.

Morgans has an add rating and $215.00 price target on the company's shares.

Mineral Resources Ltd (ASX: MIN)

If you don't mind investing in the resources sector, then another ASX 200 dividend share to consider is Mineral Resources.

It is a mining and mining services company with exposure to iron ore and lithium. It also has aspirations to be a leading energy producer in the future from its operation in the Perth Basin.

Thanks to booming iron ore and lithium prices, this mining and mining services company has been tipped to deliver bumper earnings and dividend growth in FY 2023.

For example, the team at Goldman Sachs is expecting fully franked dividends of $4.37 per share in FY 2023 and $4.33 per share in FY 2024. Based on the current Mineral Resources share price of $78.27, this will mean 5.6% and 5.5% dividend yields, respectively.

Goldman also sees plenty of value in its shares. It has a buy rating and $94.00 price target on them.

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.

More on Dividend Investing

The sea's vastness is rivalled only by the refreshing feel of the drinks two friends share as they saunter along its edge, symbolising passive income.
Personal Finance

Don't want to rely on your wage? Build a second income with these ASX shares

Aussies can improve financial security by using ASX shares to generate passive income.

Read more »

$50 dollar notes jammed in the fuel filler of a car.
Dividend Investing

Santos, Beach Energy, or Woodside shares. Which ASX energy share paid the most passive income in 2025?

Just how much passive income did ASX energy shares like Woodside pay out in 2025?

Read more »

Model house with coins and a piggy bank.
Dividend Investing

2 ASX dividend stocks thst should be in every income portfolio

I think these shares offer reliable income for 2026 and beyond.

Read more »

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

Fortescue, Rio Tinto or BHP shares? Guess which ASX mining stock paid the most passive income in 2025

Just how much passive income did the big ASX mining stocks like BHP pay out in 2025?

Read more »

Man open mouthed looking shocked while holding betting slip
Dividend Investing

1 magnificent Australian dividend stock down 15% to buy and hold forever

Lotteries are a proven cash cow.

Read more »

woman in white shirt splashing money in the air
Dividend Investing

Own IVV or IOO ETFs? It's dividend payday for you!

Investors holding iShares ETFs comprised of international shares will receive their dividends today.

Read more »

A large clear wine glass on the left of the image filled with fifty dollar notes on a timber table with a wine cellar or cabinet with bottles in the background.
Dividend Investing

Which of the big 4 ASX 200 bank stocks paid the most passive income in 2025?

Just how much passive income did the ASX 200 banks like CBA pay in 2025?

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Buy 2,000 shares of this top ASX dividend stock for $860 in passive income

This buy-rated stock offers an attractive yield and major upside according to Macquarie.

Read more »