CBA (ASX:CBA) and this dividend share have been named as buys

Here are a couple of buy-rated dividend shares…

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ASX dividend shares represented by cash in jeans back pocket

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Are you looking for income options for your portfolio in October? If you are, then you might want to consider the ASX shares listed below.

Here’s why they could top options for income investors:

Commonwealth Bank of Australia (ASX: CBA)

The first ASX dividend share to consider is this banking giant.

Although a recent pullback in the bank’s shares is disappointing for shareholders, it could be an opportunity for non-shareholders to buy a piece of Australia’s strongest bank.

Bell Potter certainly appears to believe this is the case. The broker currently has a buy rating and $118.00 price target on its shares.

The broker is also forecasting fully franked dividends per share of $4.06 in FY 2022 and $4.27 in FY 2023. Based on the current CBA share price of $100.08, this will mean yields of 4% and 4.25%, respectively.

DEXUS Property Group (ASX: DXS)

Another ASX dividend share to look at is Dexus. It is an Australian real estate company focused on owning, managing, and developing office, industrial, and retail properties.

DEXUS has just strengthened its exposure to the attractive Industrial side of the market with a $1.5 billion acquisition of industrial assets. These assets include Jandakot Airport in Perth and a logistics centre leased to Australia Post. All in all, they bring DEXUS’ industrial portfolio to $11.3 billion in value and 4.6 million square metres in size.

Morgan Stanley was pleased with the deal. In response it retained its overweight rating and $11.95 price target on the company’s shares.

As for dividends, the broker has pencilled in dividends per share of 53 cents in FY 2022 and 55.5 cents in FY 2023. Based on the current DEXUS share price of $10.45, this will mean 5.1% and 5.3% yields, respectively.

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

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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

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. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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