Analysts say these ASX shares will give you a passive income boost

These could be top options for income investors due to their generous yields.

| More on:

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

If you're looking to boost your passive income, then you may want to check out the ASX dividend shares listed below.

Both of these ASX shares have been tipped to provide their shareholders with very attractive dividend yields this year and next. Here's what they are forecasting:

A woman looks excited as she fans out a wad of Aussie $100 notes.

Image source: Getty Images

Dexus Industria REIT (ASX: DXI)

Dexus Industria could be an ASX dividend share to buy this week.

Morgans is positive on the industrial and office property company due to its expectation of solid rental growth backed by strong tenant demand. In addition, the broker highlights that its development pipeline provides near and medium term upside potential.

All in all, the broker expects this to lead to Dexus Industria paying dividends per share of 16.5 cents in FY 2023 and then 16.8 cents in FY 2024. Based on the current Dexus Industria share price of $2.76, this will mean yields of 6% and 6.1%, respectively.

Morgans also sees decent upside ahead for its shares with its add rating and $3.37 price target.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that could be in the buy zone right now is Rural Funds.

It is a property company operating at a very different side of the market to Dexus Industria. Rural Funds owns a portfolio of high quality assets across a number of agricultural industries such as orchards, vineyards, water entitlements, cropping, and cattle farms.

Bell Potter is positive on its outlook and expects some attractive dividend yields in the coming years. It is forecasting an 11.7 cents per share dividend in FY 2023 and then a 12.2 cents per share dividend in FY 2024. Based on the current Rural Funds share price of $1.95, this represents yields of 6% and 6.25%, respectively.

Bell Potter has a $2.65 price target on its shares.

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 positions in and has recommended Rural Funds 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

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Dividend Investing

1 ASX dividend stock down 30% I'd buy right now

This business is trading at a great price with a good dividend yield…

Read more »

Woman laying with $100 notes around her, symbolising dividends.
Dividend Investing

How much could a $50,000 ASX share portfolio pay in dividends?

Dividend investing can turn an ASX portfolio into a growing income stream.

Read more »

A boy is about to rocket from a copper-coloured field of hay into the sky.
Dividend Investing

2 ASX income stocks with rocketing dividends

For me, dividend growth trumps yield.

Read more »

An older couple use a calculator to work out what money they have to spend.
Dividend Investing

100,720 shares of this high-yield ASX dividend stock pay income equal to the Age Pension

Generating a full income from dividends sounds appealing, but how much do you actually need?

Read more »

Australian dollar notes in businessman pocket suit, symbolising ex dividend day.
Dividend Investing

2 ASX shares with dividend yields above 7%

Large yields could be very appealing right now.

Read more »

A woman has a thoughtful look on her face as she studies a fan of Australian 20 dollar bills she is holding on one hand while he rest her other hand on her chin in thought.
Dividend Investing

1 ASX dividend stock down 50% I'd buy

This ASX dividend stock has been under pressure. But looking ahead, there are signs the story could be starting to…

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Share Market News

How much do I need to invest in ASX shares to earn a $500 monthly passive income?

A $500 per month passive income is more achievable than you'd think.

Read more »

Growth of ASX share price represented by tiny beans stalk shooting up into the sky
Dividend Investing

3 ASX dividend shares I'd hold through anything

This trio has scale, resilience, and cash flow to endure market cycles.

Read more »