If you're looking to bolster your income portfolio with some ASX dividend shares, then you may want to check out the ones listed below.
Here's why analysts rate these dividend shares as buys:
Dexus Industria REIT (ASX: DXI)
The first ASX dividend share that could be in the buy zone is Dexus Industria.
The company, which was previously known as APN Industria, has a focus on industrial and office properties that provide functional and affordable workspaces for businesses.
One broker that is very positive on the company is Morgans. Its analysts appear confident that Dexus Industria is well-placed to deliver sustainable income and capital growth prospects for shareholders over the long term.
Its analysts are forecasting attractive 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 $2.71, this will mean yields of 6.4% and 6.5%, respectively.
Morgans has an add rating and $3.65 price target on the company's shares.
Telstra Corporation Ltd (ASX: TLS)
Another ASX dividend share that could be in the buy zone is Telstra.
After a long period of earnings declines and dividend cuts, the telco giant is back on form and now targeting solid and sustainable growth. This is being driven by the success of its transformative T22 strategy and the upcoming growth-focused T25 strategy.
The team at Morgans is also very positive on Telstra. It was pleased with the telco giant's first half results in February, noting that its "performance is tracking in the right direction" again.
As for dividends, it expects fully franked dividends per share of 16 cents in FY 2022 and FY 2023. Based on the current Telstra share price of $3.86, this will mean yields of 4.15%.
Morgans has an add rating and $4.56 price target on its shares.
