If you're looking for dividend shares to boost your passive income, then it could be a good idea to check out the two listed below.
These ASX dividend shares have been rated as buys by analysts. Here's what the broker is saying about them:
Aurizon Holdings Ltd (ASX: AZJ)
The first ASX 200 dividend share for investors to look at is Aurizon.
It is Australia's largest rail freight operator and connects miners, primary producers, and industry with international and domestic markets via its extensive national rail and road network.
One leading broker that is positive on the company is Morgans. Its analysts currently have an add rating and $3.81 price target on its shares.
Its analysts "see value in the stock at current prices, supported by the far higher quality Network and Coal haulage businesses."
In addition, the broker is forecasting very generous dividends in the near term. It has pencilled in partially franked dividends of 17 cents per share in FY 2023 and then 19 cents per share in FY 2024.
Based on the latest Aurizon share price of $3.44, this will mean yields of 4.9% and 5.5%, respectively.
Rural Funds Group (ASX: RFF)
Another ASX dividend share to buy is Rural Funds.
It is an agriculture-focused real estate property trust that owns a diverse portfolio of properties across different geographies and sectors.
Rural Funds appears well-positioned for growth over the long term thanks to its lengthy tenancy agreements with major players and their periodic rental increases.
Bell Potter is a fan of the company. It notes that its shares are trading at what could "be considered an attractive entry point." The broker has a buy rating and $2.75 price target on its shares.
As for dividends, Bell Potter is forecasting an 11.7 cents per share dividend in FY 2023 and then a 12.7 cents per share dividend in FY 2024. Based on the current Rural Funds share price of $2.35, this represents yields of 5% and 5.4%, respectively.
