If you are looking to boost your income with some ASX dividend shares, then the two listed below could be worth a closer look.
Both of these dividend shares are expected to provide investors with good dividend yields in the near term. In addition, analysts believe their shares could rise nicely from current levels. Here's what you need to know about them:
DEXUS Property Group (ASX: DXS)
The first ASX dividend share to look at is Dexus. It is a leading Australian fully integrated real asset company, managing a high-quality real estate and infrastructure portfolio valued at $54.5 billion.
The Dexus platform includes the Dexus investment portfolio and the funds management business. It directly and indirectly owns $14.8 billion of office, industrial, retail, healthcare, infrastructure and alternatives. It also manages a further $39.7 billion of investments in its funds management business, which provides third party capital with exposure to quality sector specific and diversified real asset products.
UBS is a fan of the company and currently has a buy rating and $8.86 price target on its shares. This suggests that its shares could rise by 27% between now and this time next year.
As for dividends, the broker is forecasting dividends per share of 37 cents in FY 2025 and 38 cents in FY 2026. Based on the latest Dexus share price of $6.97, this will mean yields of 5.3% and 5.5%, respectively.
National Storage REIT (ASX: NSR)
Another ASX dividend share for income investors to look at according to analysts is National Storage.
It is the largest self-storage provider in Australia and New Zealand, with over 250 locations providing tailored storage solutions to in excess of 97,000 residential and commercial customers.
National Storage was on form in FY 2024, delivering an 8.7% increase in underlying earnings to $154.2 million. Management noted that this "strong FY24 earnings result has demonstrated both the resilience and embedded capacity for growth of NSR's business."
This caught the eye of analysts at Citi, which responded by placing a buy rating and $2.70 price target on the ASX dividend share. Based on its current share price of $2.47, this implies potential upside of almost 10% for investors over the next 12 months.
In respect to dividends, its analysts are forecasting dividends per share of 11.3 cents in FY 2025 and then 11.9 cents in FY 2026. This equates to yields of 4.6% and 4.8%, respectively, for income investors.
