Boost your income with these ASX dividend stocks: analysts

Analysts reckon that these shares could give you an income boost.

| More on:
Man looking amazed holding $50 Australian notes, representing ASX dividends.

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

If you want to boost your passive income, then check out the ASX dividend stocks listed below.

Here's what sort of yields you can expect from them in the near term:

ANZ Group Holdings Ltd (ASX: ANZ)

The first ASX dividend stock that could be a buy for income investors is banking giant ANZ.

Goldman Sachs is positive on the company and has a buy rating and a $27.38 price target on its shares.

As for dividends, its analysts are forecasting fully franked dividends per share of $1.62 in both FY 2023 and FY 2024. Based on the current ANZ share price of $25.43, this will mean dividend yields of 6.4%.

Transurban Group (ASX: TCL)

Another ASX dividend stock that could be a buy right now is toll road operator Transurban.

The team at UBS is positive on the company and currently has a buy rating and a $15.45 price target on its shares.

The broker is also expecting some attractive dividend yields in the coming years. UBS is forecasting dividends per share of 57 cents in FY 2023 and then 61 cents in FY 2024. Based on the current Transurban share price of $14.06, this will mean yields of 4% and 4.35%, respectively.

Universal Store Holdings Ltd (ASX: UNI)

A final ASX dividend stock that could be a buy is Universal Store. It is a youth fashion retailer behind the Thrills and Universal Store brands.

Morgans is a fan of the retailer and has an add rating and $4.20 price target on its shares.

As for dividends, the broker is expecting very attractive dividend yields in the near term. Its analysts have pencilled in fully franked dividends per share of 27 cents in both FY 2023 and FY 2024. Based on the current Universal Store share price of $3.52, this will mean yields of 7.6% for investors.

Motley Fool contributor James Mickleboro has positions in Universal Store. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Transurban Group. The Motley Fool Australia has no position in any of the stocks mentioned. 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

Happy man holding Australian dollar notes, representing dividends.
Dividend Investing

3 outstanding ASX dividend shares to buy next week

Analysts are tipping these shares to offer big returns over the next 12 months.

Read more »

A male oil and gas mechanic wearing a white hardhat walks along a steel platform above a series of gas pipes in a gas plant
Dividend Investing

Should I buy Santos shares for dividend income?

Santos shares have been steadily upping their dividends since 2020.

Read more »

A businessman lights up the fifth star in a lineup, indicating positive share price for a top performer
Dividend Investing

2 of the best ASX dividend shares to buy in December

Bell Potter rates these dividend shares very highly. Let's see why.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Analysts expect 5% to 8% dividend yields from these ASX stocks

Here's why these dividend stocks could be great options for income investors today.

Read more »

Male hands holding Australian dollar banknotes, symbolising dividends.
Dividend Investing

5 ASX 200 shares with ex-dividend dates next week

Do you own any of these shares that are primed to pay out?

Read more »

A couple makes silly chip moustache faces and take a selfie on their phone.
Dividend Investing

Invested $5,000 in Telstra shares in 2021? Here's how much passive income you've already earned

Atop the share price gains, how much passive income have investors earned from their Telstra stock?

Read more »

Happy couple enjoying ice cream in retirement.
Dividend Investing

Buy Telstra and this ASX dividend stock now

Analysts are saying good things about these dividend stocks. Let's see why they are bullish.

Read more »

A smiling woman with a handful of $100 notes, indicating strong dividend payments
Dividend Investing

Invest $20,000 in 2 ASX dividend shares for $1,500 in passive income

Analysts expect big yields from these passive income shares over the next couple of years.

Read more »