If you're looking to boost your income portfolio with some dividend shares this week, then the two listed below could be worth considering.
Here's why these ASX 50 dividend shares could be in the buy zone right now:
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BHP Group Ltd (ASX: BHP)
The first ASX 50 dividend share to look at is BHP. It is of course one of the world's largest mining companies with a portfolio of world class operations across a range of commodities and geographies.
Thanks to favourable commodity prices, BHP has been generating significant free cash flow again in 2022. This provides the Big Australian with the opportunity to reward shareholders with big dividends and consider M&A activities.
And although the BHP share price has been storming higher this year, analysts at Macquarie still see material upside ahead. Earlier this month the broker retained its outperform rating and lifted its price target to $61.00.
As for dividends, Macquarie is forecasting fully franked dividends per share of ~$5.22 in FY 2022 and then ~$3.61 in FY 2023. Based on the current BHP share price of $49.77, this implies potential upside of 10.5% and 7.3%, respectively.
National Australia Bank Ltd (ASX: NAB)
Another ASX 50 dividend share that could be in the buy zone is NAB.
NAB has been a very positive performer so far in 2022. Last month the banking giant released its first quarter update and revealed a 12% increase in quarterly cash earnings.
While this has helped drive its shares to a 52-week high, the team at Bell Potter still see some value in the NAB share price. The broker currently has a buy rating and $32.50 price target on its shares.
In addition, Bell Potter is forecasting attractive dividend yields in the coming years. The broker has pencilled in dividends per share of 137 cents in FY 2022 and then 135 cents in FY 2023. Based on the current NAB share price of $31.66, this equates to fully franked yields of 4.3% and 4.25%, respectively.
