Buy these ASX passive income shares now: experts

Are you looking for ASX dividend shares to buy? Listed below are two passive income shares that analysts rate highly.

Here's why they are bullish on them:

Accent Group Ltd (ASX: AX1)

This footwear and youth apparel retailer could be a dividend share to buy.

This is due to the company's strong market position and its exposure to younger consumers. The latter is expected to be well-placed to keep spending in the current environment due to a rise in the minimum wage and less exposure to rising interest rates.

Bell Potter expects this to be the case and has a buy rating and $2.10 price target on the company's shares. It said:

AX1 remains one of our top picks in the Retail sector as we remain constructive on the name considering its exposure to a younger customer demographic in a tougher consumer spending environment, its longer term growth trajectory (12% EBIT CAGR, FY21-25e) and attractive valuation (11x BPe FY24e P/E).

As for dividends, Bell Potter is expecting fully franked dividends of 10 cents per share in FY 2023 and 12.5 cents per share in FY 2024. Based on the current Accent share price of $1.94, this will mean yields of 5.15% and 6.45%, respectively.

Charter Hall Long WALE REIT (ASX: CLW)

Another ASX dividend share that has been named as a buy is Charter Hall Long Wale REIT.

It is a property company focused on high quality real estate assets that are leased to corporate and government tenants on long term leases.

Analysts at Citi are positive on the company and have a buy rating and $4.70 price target on its shares. This is due to its "low risk income stream with c. 12 year WALE and 99.9% occupancy." Citi also highlights the sharp discount to net tangible assets (NTA) that its shares trade on. The broker said:

While there is uncertainty around the future movement in asset values and impact on CLW, we believe that current pricing is reflecting a significant margin of safety given the > 30% discount to NTA, so we remain favourable on CLW.

As for dividends, Citi is forecasting dividends per share of 28 cents in FY 2023 and 29 cents in FY 2024. Based on the current Charter Hall Long Wale REIT share price of $4.54, this will mean yields of 6.15% and 6.4%, respectively.