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%.