If you’re looking for some top ASX dividend shares to add to your income portfolio, then you might want to look at the ones listed below.
Here’s what income investors need to know about them:
Accent Group Ltd (ASX: AX1)
The first dividend share to consider is Accent. It is a retail group with a collection of popular footwear-focused store brands.
These include stores such as HYPEDC, Platypus, Sneaker Lab, Stylerunner, and The Athlete’s Foot.
Accent also recently launched a new brand called 4 Workers. This brand is targeting the niche but lucrative workwear market. This includes clothing and footwear for tradies.
In addition to this, the company has just bolstered its offering with the acquisition of Glue Store. This opens up Accent to the growing street fashion market, complementing its existing businesses.
Bell Potter currently has a buy rating and $3.30 price target on its shares. The broker is forecasting dividends of 11.7 cents per share in FY 2021 and 12.3 cents per share in FY 2022.
Based on the latest Accent share price of $2.83, this represents fully franked yields of 4.1% and 4.3%, respectively.
National Storage REIT (ASX: NSR)
National Storage is one of Australasia’s largest self-storage providers. From over 200 locations across Australia and New Zealand, it tailors self-storage solutions to residential and commercial customers.
National Storage has been growing at a solid clip over the last few years thanks to a combination of organic growth and growth through acquisitions.
The good news is that management sees plenty of opportunities to continue growing in this way in the future. This bodes well for income and dividends over the 2020s.
For now, management expects the company to report underlying earnings per share of 7.7 cents to 8.3 cents in FY 2021. From this, it plans to pay out 90% to 100% to shareholders.
Based on the current National Storage share price, this represents a ~3.7% yield.