If you're interested in bolstering your income portfolio with some new dividend shares, then the two listed below could be worth considering next week.
Here's what analysts are saying about these dividend shares right now:
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Baby Bunting Group Ltd (ASX: BBN)
The first ASX dividend share to consider is Baby Bunting. It is a baby products retailer with a strong and growing presence both online and through its collection of 60 national superstores across Australia. Combined, this makes Baby Bunting the clear leader in the category.
One broker that is a fan of the company and sees significant growth ahead is Citi. It currently has a buy rating and $6.11 price target on its shares.
Citi commented: "We reiterate our Buy rating and see the company having a range of multi-year growth strategies including rollout (target of 110+ stores, with 68 expected by end of FY22e), exclusive/private label growth and supply chain efficiencies."
As for dividends, Citi has pencilled in fully franked dividends per share of 16 cents in FY 2022 and 20 cents in FY 2023. Based on the current Baby Bunting share price of $5.19, this will mean yields of 3.1% and 3.85%, respectively.
Woodside Petroleum Limited (ASX: WPL)
Another ASX dividend share to look at is Woodside. This energy producer could be a top option thanks to strong oil prices and its upcoming merger with the petroleum assets of BHP Group Ltd (ASX: BHP).
The team at Morgans is a fan of the company and the merger. In fact, the broker believes Woodside is getting the better part of the deal.
It commented: "From an economic standpoint we think WPL is clearly getting the better of the deal, with synergies not baked into deal metrics and BHP willing to accept a discount. The deal is transformative, lifting WPL into being a top 10 global E&P with +2 billion barrels of 2P reserves, with EBITDA of US$4.7bnpa and growth options."
Morgans has an add rating and $30.55 price target on its shares. It is also forecasting dividends per share of $1.26 in FY 2021 and then $1.29 in FY 2022. Based on the current Woodside share price of $26.27, this will mean yields of 4.8% and 4.9%, respectively.
