3 buy-rated ASX dividend shares for income investors

Check out these dividend shares that are highly rated…

| More on:
Dividend stocks represented by paper sign saying dividends next to roll of cash

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Looking for dividend shares to add to your income portfolio? Then the 3 listed below could be top options.

Here's why analysts rate these dividend shares highly:

Adairs Ltd (ASX: ADH)

The first dividend share to look at is Adairs. It is a leading homewares and furniture retailer with both a physical presence and growing online presence. The latter includes through both its core brand and its online-only Mocka brand.

According to a note out of UBS, its analysts have a buy rating and $5.40 price target on its shares. It is also forecasting a fully franked dividend of 19.6 cents per share in FY 2022. Based on the current Adairs share price of $3.89, this will mean a yield of 5%.

National Australia Bank Ltd (ASX: NAB)

Another dividend share to look at is NAB. This banking giant could be a top option for income investors due to its strong rebound from the pandemic, the Citi acquisition, and its cost management initiatives.

Goldman Sachs is very positive on NAB. It has a conviction buy rating and $30.62 price target on the bank's shares. In addition, the broker is forecasting a fully franked $1.40 per share dividend in FY 2022. Based on the current NAB share price of $28.58, this will mean a yield of 4.9%.

Telstra Corporation Ltd (ASX: TLS)

A final dividend share to look at is this telco giant. It could be a quality option due to its very positive outlook, which is underpinned by its recently announced T25 strategy. This has management targeting solid and sustainable growth in the coming years.

The team at Morgans are fans of Telstra. They recently put an add rating and $4.44 price target on its shares. The broker also continues to forecast a 16 cents per share dividend in FY 2022. Based on the current Telstra share price of $3.84, this will mean a yield of 4.1%.

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. owns shares of and has recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS FPO and Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Dividend Investing

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
Dividend Investing

2 market-leading ASX dividend stocks to buy in April

Analysts have put buy ratings on these market-leaders.

Read more »

Father in the ocean with his daughters, symbolising passive income.
Dividend Investing

I'd spend $8k on these ASX 200 shares today to target a $6,102 annual passive income

I believe these ASX 200 shares will continue rewarding passive income investors for years to come.

Read more »

Man holding Australian dollar notes, symbolising dividends.
ETFs

Want the latest dividend from the Vanguard Australia Shares ETF (VAS)? Here's what you have to do

If you want to bag the latest VAS dividend, here's what you need to do.

Read more »

A smiling businessman in the city looks at his phone and punches the air in celebration of good news.
Dividend Investing

Investing for passive income? Keep any eye out for that boosted Telstra dividend today!

If you own Telstra shares, keep an eye out for that juicy dividend payout today.

Read more »

A happy construction worker or miner holds a fistfull of Australian money, indicating a dividends windfall
Dividend Investing

Invest $12,000 in Woodside stock and get $5,700 in passive income

Reliable dividend shares are everywhere on the ASX. Here's how you could use that to your advantage.

Read more »

Australian dollar notes in businessman pocket suit, symbolising ex dividend day.
Dividend Investing

3 ASX 300 dividend shares to buy in April

These shares have been named as buys by brokers and tipped to offer very attractive yields.

Read more »

A couple of friends at a rooftop party enjoying some hot and tasty Domino's pizza
Dividend Investing

Own Domino's shares? Today is pay day!

Eligible Domino’s shareholders can expect some welcome passive income today.

Read more »

a man with a wide, eager smile on his face holds up three fingers.
Opinions

3 top income-focused ASX shares to buy before April

I'd bolster my income by buying these dividend-payers before the next month rolls around.

Read more »