If you're wanting to add some dividend shares to your portfolio, then you might want to consider the three listed below.
All three of these dividend shares offer generous yields and trade at attractive levels. Here's why I like them:
BHP Group Ltd (ASX: BHP)
I think BHP would be a great dividend share to buy if you're not averse to investing in the resources sector. Thanks to favourable commodity prices, I believe BHP is well-positioned to deliver strong free cash flows over the coming years. And given how robust its balance sheet is at present, I suspect the majority of this free cash flow will be returned to shareholders. I estimate that the mining giant's shares currently offer investors with a forward fully franked ~5% dividend yield.
Dicker Data Ltd (ASX: DDR)
Another dividend share to consider buying is this wholesale distributor of computer hardware and software. Dicker Data has really caught the eye over the last few years after consistently growing its earnings and dividends at a solid rate. This has been driven by a combination of new vendor agreements, industry tailwinds, and solid demand. Pleasingly, its strong form has continued in FY 2020 and the company is well-placed to deliver a bumper profit result. As a result of this, the company intends to increase its dividend by 31% to 35.5 cents per share. This represents a 5% fully franked dividend yield.
National Australia Bank Ltd (ASX: NAB)
A final option for investors to consider buying is this banking giant. While times are certainly hard for the bank right now and a rise in bad debts seems inevitable, I'm optimistic that this is more than priced into its shares. In light of this, and on the belief that the worst is now behind the bank, I think it could be an opportune time to pick up its shares. Especially if you're looking for dividend. I estimate that NAB's shares offer a generous fully franked 5.2% FY 2021 dividend yield at present.
