Do you want a passive income boost? If you do, then the ASX dividend shares listed below that analysts have named as buys could help you.
Here's why these could be passive income shares to buy now:
Transurban Group (ASX: TCL)
The first ASX 200 dividend share for investors to consider buying is toll road operator Transurban.
Analysts at Citi are positive on the company. They were pleased with last month's half-year results and appear confident that it can build on this in the second half and FY 2024. Particularly given that "CPI-linked increases come through with a delay," which the broker believes is "indicating a strong growth path ahead."
In respect to dividends, the broker is forecasting dividends per share of 58 cents in FY 2023 and then 60 cents in FY 2024. Based on the current Transurban share price of $14.12, this will mean yields of 4.1% and 4.25%, respectively.
Citi has a buy rating and $16.00 price target on its shares.
Woolworths Limited (ASX: WOW)
Another ASX 200 dividend share that has could provide investors with a passive income boost is Woolworths.
Goldman Sachs is very positive on the company and has it on its conviction list. It is a fan due to Woolworths' strong market position and digital leadership, which it expects to support further market share and margin gains.
As for dividends, the broker is forecasting fully franked dividends of $1.03 per share in FY 2023 and $1.16 per share in FY 2024. Based on the current Woolworths share price of $37.32, this will mean yields of 2.8% and 3.1%, respectively.
Goldman has a conviction buy rating and $41.00 price target on the company's shares.
