Are you looking to bolster your passive income with some new dividend shares this month?
If you are, you may want to look at the two listed below that have been forecast to provide attractive yields. Here's what you need to know about these buy-rated ASX dividend shares:
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Rural Funds Group (ASX: RFF)
Rural Funds could be an ASX passive income share for investors to buy. It is an agriculture-focused real estate property trust.
With Australia known as the food bowl of Asia, Rural Funds appears well-placed for growth over the long-term. Especially given the quality of its agricultural assets, their long-term leases, and periodic rental increases.
Bell Potter is positive on the company and has a buy rating and $2.65 price target on its shares.
As for 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.
Stockland Corporation Ltd (ASX: SGP)
Another ASX passive income share that has been named as a buy is Stockland.
It is also a property company, but at a very different side of the market to Rural Funds. Stockland is a residential and land lease developer and retail, logistics and office real estate property manager.
Citi believes it could be a top option for income investors right now and has a buy rating and $4.70 price target on its shares. It thinks Stockland would be a good option "given a recovering resi backdrop."
The broker is also expecting some big dividend yields in the near term. It is forecasting dividends per share of 27 cents in FY 2023 and FY 2024. Based on the current Stockland share price of $4.34, this will mean yields of 6.2% in both years.
