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Looking for a dividend stock to add to your income portfolio? Next, the three listed below may be the top options.
The reasons why analysts value these dividend stocks are as follows:
The first dividend share to look at is Adairs. A leading retailer of household goods and furniture with both a physical presence and an online presence. The latter includes both core brands and the online-only Mocka brand.
According to a UBS note, the analyst has a purchase rating for the stock and a price target of $ 5.40. We also forecast a full-frank dividend of 19.6 cents per share in 2022. Based on the current Adairs share price of $ 3.89, this means a yield of 5%.
National Australia Bank Ltd (ASX: NAB)
Another notable dividend share is NAB. The banking giant could be the best option for income investors due to strong backlash from the pandemic, the acquisition of Citi, and cost management initiatives.
Goldman Sachs is very positive about NAB. It currently has a conviction purchase rating on bank stock and a price target of $ 30.62. In addition, brokers forecast a full-frank dividend of $ 1.40 per share in 2022. Based on the current NAB share price of $ 28.58, this means a yield of 4.9%.
Telstra Corporation Ltd (ASX: TLS)
The last notable dividend share is the telco giant. This could be a quality option, as it has a very positive outlook backed by the recently announced T25 strategy. It has management with the goal of solid and sustainable growth over the next few years.
The Morgans team is a fan of Telstra. They recently set an additional rating on the stock and a price target of $ 4.44. Brokers also continue to forecast 16 cents per share in 2022. Based on the current Telstra share price of $ 3.84, this means a yield of 4.1%.
Three Buy Rating ASX Dividend Stocks for Income Investors
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