Buy these ASX dividend shares for a passive income boost in 2023

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If you’re looking for a passive income boost in 2023, then ASX dividend shares could be the answer.

But which shares should you buy? Two that have been recently rated as buys and tipped to provide attractive yields are listed below.

Here’s why experts say they could be worth owning:

Baby Bunting Group Ltd (ASX: BBN)

This leading baby products retailer could be an ASX dividend share to buy according to analysts at Morgans.

Although Baby Bunting is having a tough time in FY 2023, the broker remains positive and sees its share price weakness as a buying opportunity. So much so, its analysts have recently put an add rating and $3.60 price target on its shares. Morgans said:

With the shares nearly 30% lower than they were before the AGM, there has, in our view, been an overreaction to the update. BBN is still the largest specialist in a comparatively defensive retail segment. It still has compelling opportunities to grow its share of a growing market through store rollout, entry into New Zealand, range expansion and the launch of an online marketplace. It’s trading on 12x FY24 P/E. ADD.

As for dividends, the broker is forecasting fully franked dividends per share of 14 cents in FY 2023 and then 16 cents in FY 2024. Based on the current Baby Bunting share price of $2.70, this will mean yields of 5.2% and 5.9%, respectively.

Healthco Healthcare and Wellness REIT (ASX: HCW)

The Healthco Healthcare and Wellness REIT could be another ASX dividend share to buy.

That’s the view of analysts at Goldman Sachs, which think very highly of the health and wellness focused real estate investment trust. In fact, the broker has put a coveted conviction buy rating on its shares with a price target of $2.05.

Goldman likes the company due to its strong balance sheet, positive tenant mix, and the resilient valuations in the healthcare sector. It explained:

[T]he REIT remains one of our top picks in the sector given 1) its net cash position with over $450mn of liquidity, providing flexibility for near term opportunities, 2) its diversified mix of strong tenant covenants in sub-sectors that are majority government-backed across the care spectrum, mitigating potential tenant credit risks, 3) Healthcare and childcare assets valuations have remained resilient, 4) the expansive forecast future demand for assets across the care spectrum, underpinning development opportunities, and 5) inexpensive valuation.

In respect to dividends, Goldman expects dividends per share of 7.5 cents in both FY 2023 and FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.70, this will mean yields of 4.4% for investors.