Are you looking for some attractive dividend yields to boost your income? Then look at the ones listed below.
Here's why these dividend shares have been tipped as great options for income investors right now:
National Australia Bank Ltd (ASX: NAB)
The first dividend share to look at is NAB. This banking giant has been a strong performer in FY 2021 and looks well-placed to deliver a robust full year result in the coming months.
In addition to this, the bank's capital position is very strong and well-ahead of APRA's unquestionably strong benchmark. This is even after recently announcing the acquisition of Citi's Australian consumer operations for $1.2 billion.
This should put the bank in a position to reward shareholders with generous dividends and potentially even further buybacks in the near term.
Goldman Sachs is positive on the bank. It likes NAB due to its cost management initiatives, strong position in business banking, and its excellent management of volumes and margins.
The broker has a conviction buy rating and $30.62 price target on the bank's shares. This compares to the latest NAB share price of $27.41. Goldman expects yields of 4.5%, 5%, and 5.3%, respectively, between FY 2021 and FY 2023.
Super Retail Group Ltd (ASX: SUL)
Another ASX dividend share to consider is Super Retail. It is the retail group behind the BCF, Macpac, Rebel, and Super Cheap Auto retail brands.
Super Retail's businesses performed very strongly in FY 2021 thanks to a favourable redirection in consumer spending. This led to the company reporting a 22% increase in sales to $3.45 billion and a 107% jump in normalised net profit after tax to $306.8 million.
In response to the result, the team at Credit Suisse put an outperform rating and $14.40 price target on its shares.
The broker is also forecasting dividend per share of 51.6 cents in FY 2022 and 50 cents in FY 2023. Based on the current Super Retail share price of $12.77, this will mean fully franked yields of 4% and 3.9%, respectively.
