If you're looking for a passive income boost, 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:
Harvey Norman Holdings Limited (ASX: HVN)
The first ASX dividend share that could be a buy is Harvey Norman.
Goldman Sachs is positive on the retail giant. This is due to its belief that it is in a great position to fight off online competition thanks to its exposure to regional markets and its older customer base.
The broker points out that "Harvey Norman holds a unique position within the electronics and appliances retail industry as a result of its franchise model of operations in Australia, property portfolio and regional exposure."
Its analysts are expecting this to allow Harvey Norman to pay fully franked dividends per share of 36 cents in FY 2023 and then 30 cents in FY 2024. Based on the current Harvey Norman share price of $3.49, this will mean yields of 10.3% and 8.6%, respectively.
Goldman has a buy rating and $4.70 price target on its shares.
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 that owns a portfolio of high quality assets across a number of agricultural industries. This includes orchards, vineyards, water entitlements, cropping, and cattle farms.
Bell Potter is positive on the company and believes its shares are cheap as chips currently. It highlights that "the current 31% discount to market NAV is implying a downward correction in property values comparable to that seen in US agricultural land values in 1932-33 and 1985-87." Something which is unlikely to happen.
In respect to dividends, the broker 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 $1.80, this represents yields of 6.5% and 6.8%, respectively.
Bell Potter has a $2.65 price target on its shares.
