Westpac Banking Corp (ASX:WBC) and this ASX dividend share could be worth considering. Here’s what you need to know about them…
The post 2 ASX dividend shares for income investors to consider appeared first on The Motley Fool Australia. –
If you’re looking for some top ASX dividend shares to add to your income portfolio, then you might want to look at the ones listed below.
Here’s what income investors need to know about them:
Carsales.Com Ltd (ASX: CAR)
This auto listings company could be an ASX dividend share to consider buying.
Carsales is the dominant force in the ANZ market and has a number of growing operations across the world. It is also planning to expand into the US market with the acquisition of Trader Interactive.
This acquisition appears to have gone down well with analysts at Morgans. The broker has recently put an add rating and $20.82 price target on the company’s shares.
Morgans is also forecasting dividends of 56 cents per share in FY 2021 and 59 cents per share in FY 2022. Based on the current Carsales share price of $19.09, this will mean fully franked yields of 2.9% and 3.1%, respectively.
Westpac Banking Corp (ASX: WBC)
If you haven’t got exposure to the banking sector, then it could be worth considering Westpac.
Australia’s oldest bank has well and truly returned to form since the height of the pandemic. For example, during the first half of FY 2021, the bank reported cash earnings of $3,537 million. This was a 256% increase over the prior corresponding period and a 119% lift over the second half of FY 2020.
In light of its strong form, the Westpac board declared a fully franked interim dividend of 58 cents per share.
One broker that expects the dividends to continue to increase is Morgan Stanley. It is forecasting fully franked dividends per share of $1.18 and $1.25 over the next two years. Based on the latest Westpac share price of $26.09, this will mean yields of 4.5% and 4.8%.
Morgan Stanley has an overweight rating and $29.20 price target on the bank’s shares.
Learn where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of May 24th 2021
The post 2 ASX dividend shares for income investors to consider appeared first on The Motley Fool Australia.