If you're wanting to add some ASX dividend shares to your portfolio, then it could be worth considering the two listed below.
Here's why analysts think they could be top options for income investors:
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National Australia Bank Ltd (ASX: NAB)
The first ASX dividend share to look at is banking giant, NAB.
Analysts at Goldman Sachs are very positive on the bank and have named it their top big four pick. This is due partly to NAB's balance sheet mix, which Goldman feels provides the best exposure to the domestic system growth. The broker also highlights that NAB's franchise is performing strongly and growing at or above system growth in most segments.
It is expecting this to underpin attractive dividends in the coming years. Goldman is forecasting fully franked dividends of $1.50 per share in FY 2022 and $1.65 per share in FY 2023. Based on the current NAB share price of $31.68, this implies yields of 4.7% and 5.1%, respectively.
Goldman has a conviction buy rating and $34.17 price target on the bank's shares.
Transurban Group (ASX: TCL)
Another ASX dividend share to look at is Transurban. It is a leading toll road operator with a portfolio of important roads across Australia and North America. The company also has a number of projects under development that look set to support its long term growth.
Analysts at Morgans are positive on Transurban due to its exposure to regional population and employment growth and urbanisation. The broker also believes that with traffic volumes recovering nicely from the pandemic, its dividends will make a quick recovery.
As a result, its analysts are forecasting dividends per share of 37 cents in FY 2022 and then 60 cents in FY 2023. Based on the current Transurban share price of $14.39, this implies yields of 2.6% and 4.2%, respectively.
Morgans has an add rating and $14.42 price target on its shares at present.
