If you’re looking to boost your income portfolio in April, then you may want to look at the shares listed below.
Here’s why these ASX dividend shares could be worth considering right now:
Dexus Industria REIT (ASX: DXI)
The first ASX dividend share for income investors to look at is Dexus Industria. It is an industrial and office focused property company that was formerly known as APN Industria.
Dexus Industria owns interests in office and industrial properties that provide functional and affordable workspaces for businesses.
As per its latest update, the fund’s portfolio was last valued at $1.78 billion and was spread across a number of major Australian cities. From this portfolio, management has set itself a target of providing sustainable income and capital growth prospects for shareholders over the long term.
Morgans appears to believe management will deliver on its targets. It recently put an add rating and $3.65 price target on the company’s shares. The broker is also forecasting dividends per share of 17.3 cents in FY 2022 and 17.6 cents in FY 2023. Based on the current Dexus Industria share price of $3.44, this will mean yields of 5% and 5.1%, respectively.
Telstra Corporation Ltd (ASX: TLS)
Another ASX dividend share that has been rated as a buy is Telstra.
This is due to optimism over the telco giant’s outlook thanks to the successful execution of its transformative T22 strategy and the impending growth-focused T25 strategy. The latter will see Telstra aim for sustained growth and value by targeting mid-single digit underlying EBITDA and high-teens underlying earnings per share compound annual growth rates (CAGR) from FY21 to FY25.
Morgans is also a fan of Telstra and currently has an add rating and $4.55 price target on the company’s shares. The broker feels the market is undervaluing its shares on a sum of the parts basis.
As for dividends, Morgans continues to expect fully franked dividends per share of 16 cents for FY 2022 and FY 2023. Based on the current Telstra share price of $3.93, this implies yields of 4.1%.