Are you looking for income options for your portfolio next week?
If you are, then you might want to consider the ASX shares listed below. Here’s why they could top options for investors:
Commonwealth Bank of Australia (ASX: CBA)
The first ASX dividend share to look at is this banking giant. It could be a top option for investors due to its leadership position in the banking sector and its attractive yield.
One broker that is a fan of Australia’s largest bank is Bell Potter. It likes CBA due to its strong position as the leader in home lending and retail deposits. It also highlights that the bank has a very strong balance sheet with significant surplus capital and opportunities to add value via SME banking, wealth management, and selective Asian expansion.
Bell Potter currently has a buy rating and $118.00 price target on its shares. It 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 $104.68, this will mean yields of 3.9% and 4.2%, respectively.
Healius Ltd (ASX: HLS)
Another ASX dividend share to look at is Healius. It is a healthcare company with a focus on pathology, diagnostic imaging, day hospitals, and IVF.
Healius has been a very strong performer over the last 18 months thanks largely to its pathology business, which is experiencing significant demand for COVID-19 testing services.
For example, during the first quarter of FY 2022, Healius was averaging 40,000 COVID tests per working day. This underpinned a 43.7% increase in revenue over the prior corresponding period to $689.9 million.
The team at Macquarie were impressed. In response, the broker retained its outperform rating and lifted its price target to $5.65.
Macquarie is also forecasting fully franked dividends per share of 23.7 cents in FY 2022 and 14.5 cents in FY 2023. Based on the current Healius share price of $4.82, this will mean yields of 4.9% and 3%, respectively.