Tue. May 24th, 2022

A smiling woman with a handful of $ 100 banknotes indicating strong dividend payments from Thorn Group

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Looking for some top ASX dividend stocks to add to your income portfolio?

If you are, you can look at the ones listed below. Here’s what you need to know about these highly valued dividend stocks:

The first ASX dividend stock to look at is Accent. It is a retail group with a collection of popular footwear-focused store brands, including HYPEDC, Platypus and The Athlete’s Foot.

Accent has grown at a solid rate for a number of years thanks to the popularity of these brands and their expanding store network. This continued in the financial year 2021, when the company reported an increase in sales of 19.9% ​​to $ 1.14 billion and a jump of 38.6% in net profit after tax to $ 76.9 million.

Bell Potter was pleased with the result. And although the broker expects lockdowns to weigh its performance in 2022, it is still very positive in the long run. As a result, the broker currently has a buy rating and a price target of $ 2.90 on its shares.

In terms of dividends, Bell Potter has penciled in fully franked dividends per share.

Another dividend share to look at is the Charter Hall Social Infrastructure REIT. It is an investment in real estate with a focus on social infrastructure.

Among the properties the company invests in are bus depots, police and judicial facilities and childcare centers. These are properties with specialized use, limited competition and low substitution risk.

It was also in shape in fiscal year 2021, reporting a 13.5% increase in operating earnings to $ 58 million.

Happily, the company’s prospects remain very positive. This is thanks to its weighted average rental period of 15.2 years and 73.2% of properties on reviews of fixed rents. Combined with its 100% occupancy rate, this bodes well for its future growth.

Goldman Sachs is a fan of the company and has a convincing buy rating and a price of $ 3.81 targeting its shares.

The broker predicts dividends per. Shares of 16.6 øre for the financial year 2022 and 17.3 øre for the financial year 2023. Based on the current share price in Charter Hall Social Infrastructure REIT of $ 3.60, this will mean interest rates of 4.6% and 4.8%, respectively.

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