Investors that are looking for a retirement income boost may want to check out the ASX dividend shares listed below.
Both of these ASX shares have been tipped to provide their shareholders with attractive dividend yields this year and next. Here’s what they are forecasting:
Charter Hall Long WALE REITĀ (ASX: CLW)
The first ASX dividend share to buy for a retirement income boost is Charter Hall Long Wale REIT.
It is a property company focused on high quality real estate assets that are leased to corporate and government tenants on long term leases.
The team at Citi is positive on Charter Hall Long Wale REIT. Its analysts highlight its attractive valuation and inflation protection qualities. Earlier this year, the broker said:
We re-iterate our Buy rating on CLW, with rising inflation providing a tailwind to revenue, a 6.1% FY23 dividend yield, and a- 25% [now 35%] discount to NTA (book value), despite c. 50% of income linked to inflation (meaning some protection to book values).
Citi the company to pay dividends per share of 28 cents in FY 2023 and 29 cents in FY 2024. Based on the current Charter Hall Long Wale REIT share price of $4.09, this will mean yields of 6.85% and 7.1%, respectively.
Citi currently has a buy rating and $5.00 price target on its shares.
National Australia Bank LtdĀ (ASX: NAB)
Another ASX dividend share that could give your retirement income a boost is NAB.
It is of course one of Australia’s big four banks and the owner of the NAB, UBank, and Bank of New Zealand brands. It also recently completed the $1.2 billion acquisition of Citigroup’s Australian consumer business.
Goldman Sachs is feeling positive on the bank in the current environment. This is due to its exposure to commercial lending. It explains:
Our Buy rating on NAB is predicated on: i) we see volume momentum over the next 12 months as favouring commercial volumes over housing volumes, and we believe NAB provides the best exposure to this thematic.
In respect to dividends, Goldman is expecting this to underpin fully franked dividends of $1.66 per share in FY 2023 and FY 2024. Based on the current NAB share price of $25.22, this implies yields of 6.6% in both years.
Goldman Sachs has a buy rating and $30.69 price target on its shares.
