2 excellent dividend shares that analysts love

Check out these buy-rated dividend shares…
The post 2 excellent dividend shares that analysts love appeared first on The Motley Fool Australia. –

Investors that are interested in boosting their income portfolio with some dividend shares might want to look at the ones listed below.

Here’s what you need to know about these top dividend shares:

Coles Group Ltd (ASX: COL)

The first dividend share to look at is Coles. It is of course one of the big two supermarket operators with over 800 supermarkets. In addition, the company has over 900 liquor retail stores and over 700 Coles express stores.

This network has significant defensive qualities, which has proven invaluable during the pandemic. And despite its size, the company still has plenty of room for growth in the coming years. It is also focusing on growing its online business by constructing new smart distribution centres with automation giant Ocado.

All in all, this is expected to underpin solid earnings and dividend growth over the 2020s.

For now, the team at Morgans is forecasting a full franked dividend of 61 cents per share in FY 2022. Based on the current Coles share price of $17.65, this will mean a yield of 3.5%.

Morgans has an add rating and $19.80 price target on its shares.

South32 Ltd (ASX: S32)

Another dividend share to look at is this mining giant. It has exposure to a range of commodities including alumina, aluminium, energy coal, metallurgical coal, manganese ore, nickel, silver, lead, and zinc.

It has also just announced an agreement to acquire 45% of the Sierra Gorda copper mine in Chile from Sumitomo Corporation for US$1.55 billion. This acquisition is expected to be immediately accretive to earnings.

The team at Goldman Sachs were pleased with this acquisition. In response, the broker retained its conviction buy rating and lifted its price target to $4.40. This compares favourably to the current South32 share price of $3.82.

In addition, the broker is forecasting fully franked dividend yields greater than 11% from FY 2022 through to FY 2026.

The post 2 excellent dividend shares that analysts love appeared first on The Motley Fool Australia.

Wondering where you should 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 August 16th 2021

More reading

These 3 ASX 200 shares are topping the volume charts this Friday

These 3 ASX 200 shares are topping the volume charts this Thursday

Could the Coles (ASX:COL) share price hit $20 by the end of 2021?

ASX 200 (ASX:XJO) midday update: HUB24 & Netwealth impress, A2 Milk surges again

Why the South32 (ASX:S32) share price is jumping 11% to a multi-year high

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!