Looking for dividends shares to buy for your income portfolio? Then take a look at the two listed below which are rated as buys.
Here's what you need to know about them:
Dicker Data Ltd (ASX: DDR)
The first ASX dividend share to look at is Dicker Data. It is a leading technology hardware, software, and cloud distributor.
Dicker Data has been a real star of the Australian share market over the last decade, delivering solid earnings and dividend growth on a consistent basis whatever happens in the economy. This has been the case again in FY 2022, with the company reporting a 50.5% increase in revenue to $673.6 million and a 22.7% lift in profit before tax to $23.8 million during the first quarter.
The team at Morgan Stanley expect this positive form to continue. As such, the broker has retained its overweight rating and $16.00 price target on the company's shares.
In addition, the broker is forecasting fully franked dividends per share of 41.4 cents in FY 2022 and 48.5 cents in FY 2023. Based on the current Dicker Data share price of $11.95, this will mean yields of 3.5% and 4.1%, respectively.
Telstra Corporation Ltd (ASX: TLS)
Another ASX dividend share that has been rated as a buy is telco giant Telstra.
It has started to gain favour in the broker community this year after returning to underlying growth following years of earnings declines. And while it may be too soon to start thinking about dividend increases, the market appears confident that the cuts are long gone.
This is thanks to the success of its T22 strategy, optimism over its impending T25 strategy, its leadership position in 5G, and rational competition in the mobile market.
Morgans is very positive on Telstra and has an add rating and $4.56 price target on its shares.
As for dividends, it is forecasting 16 cents per share dividends through to FY 2023. Based on the current Telstra share price of $3.86, this will mean a 4.15% yield.
