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Date : 06/01/2022

Top 3 Highly Rated ASX Dividend Stocks to Consider in 2022

The ASX 200 was 73.80 points or 0.98% to $7,492 lower in Thursday’s deals, extending losses of 0.32% in yesterday’s session. Investors retreated from risky assets following the latest Federal Reserve minutes. The Fed reported that they may raise interest rates sooner than expected and cut bond holdings to curb rising inflation.

Our List of ASX Best Dividend Stocks Of 2022

Are you looking for highly rated dividend shares to add to your income portfolio in January 2022? If you are, then consider the three (3) ASX best dividend stocks listed below as your top options.

DEXUS Property Group (ASX: DXS)

The first in our list of best dividend stocks ASX to look at is Dexus. It is an Australian real estate company focused on office, industrial and retail properties.

Most Dexus’ earnings are generated from the rental income received from its directly owned Australian property portfolio. Thus, this portfolio is weighted towards the CBD office markets along the eastern seaboard. Additionally, Dexus has an unlisted funds management business through which it derives income from management fees.

Dexus has also recently added to its high-quality portfolio through the acquisition of $1.5 billion worth of industrial assets. These assets include Jandakot Airport in Perth and a logistics centre leased to Australia Post.

Analysts are positive about the company and its ASX dividend stocks, and most of them have an outperform rating. We forecast Dexus to reach in the mid-term $11.93 per share. Furthermore, we expect dividends per share to be at least 53.7 cents in FY22 and 57.5 cents in FY23. Based on the current Dexus share price of $10.91, this will mean an ASX dividend yield of 4.53% and 5.2%, respectively.

Australia & New Zealand Banking Group Limited (ASX: ANZ)

Another ASX best dividend stocks to look at is ANZ. The Australia and New Zealand Banking Group share price had a great run over 2021. Hence, ANZ’s ASX dividend stocks beat the broader market’s performance by 8.1% last year, driven by a particularly good start.

At the end of 2020, the banking giant share price was trading for $22.70. And then, come the final session of 2021, their Australian dividend stocks closed at $27.51, leaving it with a 21.1% gain for the 12 months. For context, the ASX 200 Index gained 13% in the same period.

Let’s look at what drove the bank’s share price last year and see how it will perform in 2022.

The ANZ share price gained 24% over the first three months of 2021. Although, the market didn’t hear price-sensitive news from ANZ in 2021 until mid-February. Then, the bank announced it clocked $1.8 billion of unaudited cash earnings for the first quarter of FY21. That represented an impressive 54% jump on the average quarterly profit of the second half of FY20.

ANZ’s high dividend stocks exhibited a strong performance and it continued in May when the bank announced its results for the 6 months ended 31 March. The period saw ANZ besting analyst expectations to report a $2.9 billion statutory NPAT and $2.9 billion of cash earnings from continuing operations. The bank also announced a 70 cent, fully franked, interim dividend. However, despite the good news, the market expected more from ANZ and its stock tumbled 3.2% lower.

Later in the year, ANZ reported another cash earnings increased by 65% to approximately $6.2 billion. Moreover, the bank announced a final fully franked dividend of 72 cents per share.

Overall, 2021 was an exciting year for the ANZ share price and our analysts still deem it to be one of the ASX best dividend stocks. The bank exhibits a solid dividend policy and as of today, it offers a robust 5.06% annual yield.

Woodside Petroleum (ASX: WPL)

Woodside Petroleum is the largest operator of oil and gas production in Australia. It is also Australia’s largest independent dedicated oil and gas company.

We believe this energy producer could be one of the best dividend shares to buy now. Particularly given its impending merger with the petroleum assets of BHP (ASX: BHP). Thus, the deal could be transformative for Woodside’s ASX dividend stocks in a positive way.

Most analysts have recently added a buy rating with a price target of around $30 per share. Given WPL current share price of $22.21, it is a 35% upside potential.

Furthermore, regarding the merger, from an economic standpoint, we think WPL’s Australian dividend stocks are clearly getting the better of the deal. Hence, the deal is transformative, lifting WPL into being a top 10 global E&P with +2 billion barrels of 2P reserves.

We expect fully franked dividends of $1.21 per share in FY22 and then $1.06 per share in FY23. Based on the current Woodside share price of $22.21, this will mean a lucrative ASX dividend yield of circa 5%.

Are You Looking To Buy The Best Stocks In 2024?

Stay on top of upcoming market trends! Whether you are an SMSF investor or a young investor with your portfolio, we cover a wide range of stocks across all sectors, including mining, financials, industrials, real estate, technology, health and biotech, etc. It will give you an edge to invest and trade ASX listed stocks across large, mid and small caps with an advantage.

Get stock tips with our Market Experts. We help self-directed investors and self-managed super funds (SMSF) make smarter investment decisions and get better returns. Fill in your details and download your free Report instantly for Top 3 Dividend Stocks to buy in 2024!


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