3 buy-rated ASX dividend shares for income investors

Dividend stocks represented by paper sign saying dividends next to roll of cash

Looking for dividend shares to add to your income portfolio? Then the three listed below could be top options.

Here’s why analysts rate these dividend shares highly:

Adairs Ltd (ASX: ADH)

The first dividend share to look at is Adairs. It is a leading homewares and furniture retailer with both a physical presence and growing online presence. The latter includes through both its core brand and its online only Mocka brand.

According to a note out of UBS, its analysts have a buy rating and $5.40 price target on its shares. It is also forecasting a fully franked dividend of 19.6 cents per share in FY 2022. Based on the current Adairs share price of $3.89, this will mean a yield of 5%.

National Australia Bank Ltd (ASX: NAB)

Another dividend share to look at is NAB. This banking giant could be a top option for income investors due to its strong rebound from the pandemic, the Citi acquisition, and its cost management initiatives.

Goldman Sachs is very positive on NAB. It currently has a conviction buy rating and $30.62 price target on the bank’s shares. In addition, the broker is forecasting a fully franked $1.40 per share dividend in FY 2022. Based on the current NAB share price of $28.58, this will mean a yield of 4.9%.

Telstra Corporation Ltd (ASX: TLS)

A final dividend share to look at is this telco giant. It could be a quality option due to its very positive outlook which is being underpinned by its recently announced T25 strategy. This has management targeting solid and sustainable growth in the coming years.

The team at Morgans are fans of Telstra. They recently put an add rating and $4.44 price target on its shares. The broker also continues to forecast a 16 cents per share in FY 2022. Based on the current Telstra share price of $3.84, this will mean a yield of 4.1%.

The post 3 buy-rated ASX dividend shares for income investors appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

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. owns shares of and has recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS FPO and Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3DGXcyX

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s