Are you looking for some top ASX dividend shares to add to your income portfolio?
If you are, you might want to look at the ones listed below. Here's what you need to know about these highly rated dividend shares:
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Accent Group Ltd (ASX: AX1)
The first ASX dividend share to look at is Accent. It is a retail group with a collection of popular footwear-focused store brands including HYPEDC, Platypus, and The Athlete's Foot.
Accent has been growing at a solid rate for a number of years thanks to the popularity of these brands and their expanding store network. This continued in FY 2021, with the company reporting a 19.9% increase in sales to $1.14 billion and a 38.6% jump in net profit after tax to $76.9 million.
Bell Potter was pleased with its result. And while the broker expects lockdowns to weigh on its performance in FY 2022, it remains very positive on the long term. As a result, the broker currently has a buy rating and $2.90 price target on its shares.
As for dividends, Bell Potter has pencilled in fully franked dividends per share of 9.3 cents in FY 2022 and 13.3 cents in FY 2023. Based on the latest Accent share price of $2.30, this represents yields of 4% and 5.8%, respectively.
Charter Hall Social Infrastructure REIT (ASX: CQE)
Another dividend share to look at is the Charter Hall Social Infrastructure REIT. It is a real estate investment trust with a focus on social infrastructure.
Among the properties the company invests in are bus depots, police and justice services facilities, and childcare centres. These are properties with specialist use, limited competition, and low substitution risk.
It was also on form in FY 2021, reporting a 13.5% increase in operating earnings to $58 million.
Pleasingly, the company's outlook remains very positive. This is thanks to its weighted average lease expiry of 15.2 years and having 73.2% of its properties on fixed rent reviews. Combined with its 100% occupancy rate, this bodes well for its future growth.
Goldman Sachs is a fan of the company and has a conviction buy rating and $3.81 price target its shares.
The broker is forecasting dividends per share of 16.6 cents in FY 2022 and 17.3 cents in FY 2023. Based on the current Charter Hall Social Infrastructure REIT share price of $3.60, this will mean yields of 4.6% and 4.8%, respectively.
