Are you looking for dividend shares to add to your income portfolio? Then the three listed below could be top options.
Here's why analysts rate these dividend shares highly:
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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.
The team at UBS are positive on Adairs. A recent note reveals that its analysts have a buy rating and $5.40 price target on the company's shares. As for dividends, UBS is forecasting fully franked dividends of 19.6 cents per share in FY 2022 and 29.9 cents per share in FY 2023. Based on the current Adairs share price of $3.53, this will mean yields of 5.5% and 8.5%, respectively.
DEXUS Property Group (ASX: DXS)
Another ASX dividend share to look at is Dexus. It is an Australian real estate company focused on office, industrial and retail properties. It has just added to its high quality portfolio through the acquisition of $1.5 billion worth of industrial assets. These assets include Jandakot Airport in Perth and a logistics centre leased to Australia Post.
Macquarie is positive on the company and has an outperform rating and $11.67 price target on its shares. The broker is also forecasting dividends per share of 52.9 cents in FY 2022 and 57.3 cents in FY 2023. Based on the current Dexus share price of $11.31, this will mean yields of 4.7% and 5.1%, respectively.
Transurban Group (ASX: TCL)
A final ASX dividend share to look at is Transurban. It is a toll road operator with a portfolio of important roads throughout Australia and North America. This includes the CityLink in Melbourne, Cross City Tunnel in Sydney, and the AirportlinkM7 in Brisbane. Although traffic volumes have been impacted by the pandemic and recent lockdowns, they are expected to rebound now that Australia is reopen.
Morgans expects this to be the case and is forecasting dividends per share of 39 cents in FY 2022 and then 57 cents in FY 2023. Based on the current Transurban share price of $13.83, this implies yields of 2.8% and 4.1%, respectively. Morgans has an add rating and $14.79 price target on its shares.
