Are you looking for dividend shares to add to your income portfolio next month? If you are, then the two listed below could be worth considering.
These dividend shares have been rated as buys and tipped to provide income investors with attractive fully franked yields in the coming years. Here’s what you need to know about them:
Adairs Ltd (ASX: ADH)
The first ASX dividend share to look at is Adairs. It is the leading homewares and furniture retailer behind the eponymous Adairs brand, its online-only brand Mocka, and the newly acquired Focus on Furniture brand.
Unfortunately, trading conditions have been tough in FY 2022 due to lockdowns, this has put significant pressure on its shares. However, the team at Morgans thinks investors should stick with the company and see this as a buying opportunity.
Its analysts have an add rating and $3.50 price target on its shares. Morgans is also forecasting fully franked dividends of 19 cents per share in FY 2022 and 26 cents per share in FY 2023. Based on the current Adairs share price of $3.02, this will mean yields of 6.3% and 8.6%, respectively.
Coles Group Ltd (ASX: COL)
Another ASX dividend share for investors to consider is retail giant, Coles.
It is of course one of the big two supermarket chains with over 800 supermarkets across the country. This strong network, its defensive qualities, and long track record of same store sales growth has analysts forecasting growing dividends in the coming years. Especially in the current inflationary environment and the supportive federal budget.
For example, analysts at Citi are forecasting fully franked dividends of 65 cents per share in FY 2022 and then 72 cents per share in FY 2023. Based on the current Coles share price of $17.96, this will mean yields of 3.6% and 4% respectively.
Citi has a buy rating and $19.30 price target on its shares.
The post Analysts name 2 ASX dividend shares with fully franked yields to buy 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 over ten 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 January 12th 2022
More reading
- 2 ASX dividend shares expected to have BIG yields in 2022
- The Coles (ASX:COL) dividend is being paid today. Here’s what you need to know
- Top brokers name 3 ASX shares to buy today
- Budget fuel excise cut: Which ASX shares could benefit?
- ‘Popping the champagne’: ASX retail shares leap following budget consumer handouts
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. owns and has recommended ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO and COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/beLwgcm
Leave a Reply