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Analysts name 2 ASX dividend shares with good yields to buy

These dividend shares offer attractive yields…
The post Analysts name 2 ASX dividend shares with good yields to buy appeared first on The Motley Fool Australia. –

Are you looking to boost your income with some dividend shares? Then you might want to look at the two listed below.

Both of these dividend shares are expected to provide investors with attractive yields in the near term. Here’s what you need to know about them:

Coles Group Ltd (ASX: COL)

The first ASX dividend share for income investors to consider is supermarket giant Coles.

It could be a top option for income investors due to its defensive qualities and the positive outlook of its growing network of supermarket, convenience stores, and liquor stores.

In addition, this network is being supported by the company’s bold refreshed strategy, which is focusing on cutting costs through automation and efficiencies. This is expected to boost Coles’ profitability in the coming years.

Morgans is positive on Coles and has an add rating and $20.65 price target on its shares.

In respect to dividends, the broker is forecasting fully franked dividends of 61 cents per share in FY 2022 and 64 cents per share in FY 2023. Based on the latest Coles share price of $18.64, this will mean yields of 3.3% and 3.4%, respectively.

National Storage REIT (ASX: NSR)

Another ASX dividend share to look at is leading self-storage operator, National Storage.

Through its portfolio of over 200 centres, the company provides tailored storage solutions to approximately 100,000 residential and commercial customers.

But management isn’t settling for that and continues to see plenty of room to grow in the future. This is because the self storage industry remains highly fragmented, which provides National Storage with plenty of high-quality acquisition opportunities to bolster its growth inorganically.

Ord Minnett is a fan of National Storage. The broker currently has a buy rating and $2.70 price target on its shares.

As for dividends, its analysts are forecasting dividends per share of 10 cents in FY 2022 and 11 cents in FY 2023. Based on the current National Storage share price of $2.41, this equates to yields of 4.15% and 4.55%, respectively.

The post Analysts name 2 ASX dividend shares with good yields to buy appeared first on The Motley Fool Australia.

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More reading

Why I think Coles shares are a compelling buy today
Here are 2 ASX 200 dividend shares to buy according to experts
2 ASX shares ready for growth in FY2023: expert
Can the Coles share price beat the ASX 200 again in FY23?
Here are top 2 ASX dividend shares with great yields

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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