Buy NAB and this ASX dividend share for a passive income boost: analysts

Check out these buy-rated dividend shares…

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If you're an income investor looking for dividends to boost your passive income, then you may want to consider the ASX dividend shares named below.

Both of these ASX dividend shares have been rated as buys and tipped to provide investors with attractive yields in the coming years.

Here's what you need to know about these shares:

Australian dollar notes rolled into bundles.

Image source: Getty Images

Healthco Healthcare and Wellness REIT (ASX: HCW)

The first ASX dividend share for income investors to consider is the Healthco Healthcare and Wellness REIT.

This health and wellness focused real estate investment trust invests in properties including hospitals, aged care, childcare, government, life sciences and research, and primary care and wellness properties.

Analysts at Goldman Sachs are positive on the company and have a conviction buy rating and $2.14 price target on its shares.

Goldman advised that it is a fan of Healthco Healthcare and Wellness due to its strong balance sheet and its exposure to government-backed sub-sectors. It believes this makes it one of the "top picks in the sector."

As for dividends, Goldman is expecting dividends per share of 7.5 cents in both FY 2023 and FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.72, this will mean yields of 4.35% for investors.

National Australia Bank Ltd (ASX: NAB)

Goldman Sachs is also a fan of this big four bank. Its analysts currently have a buy rating and $34.81 price target on its shares.

The broker is positive on NAB due to its exposure to commercial lending, which it expects to perform better than home lending in the current environment. Goldman also notes that the work NAB has done on productivity and cost management "leaves it well positioned for an environment of elevated inflationary pressure."

In respect to dividends, Goldman Sachs is expecting NAB to pay fully franked dividends of $1.66 per share in FY 2023 and $1.73 per share in FY 2024. Based on the current NAB share price of $29.76, this means yields of 5.6% and 5.8%, 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 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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