Are you looking to boost your income with some new dividend shares in July?
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 ASX dividend shares:
Charter Hall Group (ASX: CHC)
Charter Hall could be an ASX dividend share to buy. It is a diversified property developer across the office, retail, industrial and residential sectors.
Citi is positive on the company. While the broker sees some near-term headwinds, it believes this is priced in and its shares are of great value at the current level. It said:
While we expect potential near-term headwinds for FUM and earnings (primarily on weaker than expected FY23 FUM), we do see compelling value in CHC, given the stock has already priced in a lot of the negatives in our view. While there is potential for consensus downgrade, an improvement in the rate outlook later in the year and better than currently priced outcomes on office assets, could see the shares perform well over the next 12 months. We retain our Buy rating on CHC.
As for dividends, the broker is forecasting dividends per share of 43 cents in FY 2023 and 45 cents in FY 2024. Based on the current Charter Hall share price of $11.64, this will mean yields of 3.7% and 3.9%, respectively.
Citi has a buy rating and a $13.50 price target on its shares.
Rural Funds Group (ASX: RFF)
Rural Funds could be another ASX dividend share to buy. It is an agriculture-focused real estate property trust with a portfolio of quality assets.
The company appears well-positioned for growth over the long-term thanks to strong demand for its properties and their long leases. At the last count, the company had a weighted average lease expiry of 12.3 years.
Bell Potter is positive on the company despite rising interest rates. It said:
Rising interest rates have put upward pressure on RFF's funding costs, however, we note that 47% of FY23e revenues have CPI linked indexation and a further 29% of FY23e revenues have market linked rent reviews providing a degree of top line insulation.
As for dividends, the broker is forecasting an 11.7 cents per share dividend in FY 2023 and FY 2024. Based on the current Rural Funds share price of $1.98, this represents yields of 5.9% for both years.
Bell Potter has a buy rating and a $2.20 price target on its shares.
