These ASX dividend shares could be strong buys: brokers

Big dividend yields could be on the way from these ASX shares.

| More on:
A young female investor with brown curly hair and wearing a yellow top and glasses sits at her desk using her calculator to work out how much her ASX dividend shares will pay this year

Image source: Getty Images

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

Are you looking for attractive dividend yields to boost your passive income? If you are, then it could be a good idea to check out the ASX dividend shares listed below that analysts rates highly.

Here's what they are saying about them:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX dividend share that could be a buy is Aurizon. It is Australia's largest rail freight operator, connecting miners, primary producers, and industry with international and domestic markets.

Morgans is positive on the company and recently revealed that its analysts "see value in the stock at current prices, supported by the far higher quality Network and Coal haulage businesses."

The broker is also expecting some attractive yields from this dividend share. It is forecasting 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 $3.45, this will mean yields of 4.9% and 5.5%, respectively.

Morgans currently has an add rating and $3.81 price target on its shares.

Charter Hall Long WALE REIT (ASX: CLW)

Another ASX dividend share that could be worth considering is the Charter Hall Long Wale REIT. This property company focuses on high quality real estate assets leased to corporate and government tenants on long term leases.

Citi is very positive on the Charter Hall Long Wale REIT. This is due partly to its long leases and high occupancy rate, which it believes make the company a low risk option. The broker highlights its "low risk income stream with c. 12 year WALE and 99.9% occupancy."

It expects this to support 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 $4.28, this will mean yields of 6.5% and 6.8%, respectively.

Citi currently has a buy rating and $5.00 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 recommended Aurizon. 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

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Dividend Investing

Analysts say these ASX 200 dividend stocks are best buys in April

What are analysts saying about these high quality companies?

Read more »

A man in a business suit whose face isn't shown hands over two australian hundred dollar notes from a pile of notes in his other hand to an outstretched hand of another person.
Dividend Investing

Buy these ASX dividend shares for income

Analysts have put buy ratings on these income stocks.

Read more »

footwear asx share price on watch represented by look holding shoe and looking intently
Consumer Staples & Discretionary Shares

Does this ASX 300 retail stock really have a 7.6% dividend yield right now?

Is a 7.67% dividend yield too good to be true?

Read more »

A man in his office leans back in his chair with his hands behind his head looking out his window at the city, sitting back and relaxed, confident in his ASX share investments for the long term.
Dividend Investing

Brokers say these ASX 300 dividend stocks are top buys

Attractive dividend yields could be on offer with these shares.

Read more »

Happy woman looking for groceries. as she watches the Coles share price and Woolworths share price on her phone
Dividend Investing

Invest $20,000 in this ASX 100 dividend stock for $1,126 in passive income

Here's my take on this 5.6% dividend stock...

Read more »

a woman wearing fashionable clothes and jewellery checks her phone with a satisfied smile on her face in a luxurous home setting.
Dividend Investing

Buy Telstra and these high-yield ASX dividend shares

Analysts think these income options could be top buys right now.

Read more »

Man holding fifty Australian Dollar banknote in his hands, symbolising dividends, symbolising dividends.
Dividend Investing

For a shot at $5,000 a year in passive income, buy 710 shares of this ASX stock

I think every passive income investor should have this ASX dividend stock in their portfolio.

Read more »

Woman calculating dividends on calculator and working on a laptop.
Dividend Investing

3 ASX 300 dividend stocks to buy now for income

Brokers think these dividend stocks are buys right now. What sort of yields are they forecasting?

Read more »