Are you looking for dividend shares to add to your income portfolio and beat inflation? If you are, then the two listed below could be worth considering.
These dividend shares have been rated as buys and tipped to provide investors with attractive yields. Here’s what you need to know about them:
Centuria Industrial REIT (ASX: CIP)
The first ASX 200 dividend share to look at is pure play industrial REIT, Centuria Industrial.
It could be a top option for investors, especially after a recent pullback in its share price. This is because demand for industrial properties has been very strong and looks set to remain strong for some time to come thanks to structural drivers.
To get a sense of how strong demand is, you just need to look at its half-year results. Centuria Industrial reported an 8.9-year weighted average lease expiry with a 99.2% portfolio occupancy. This underpinned strong funds from operation (FFO) and allowed management to upgrade its guidance.
Macquarie is very positive on Centuria Industrial and currently has an outperform rating and $4.27 price target on its shares. As for dividends, the broker is forecasting dividends per share of 17.3 cents in FY 2022 and 17.8 cents FY 2023. Based on the current Centuria Industrial share price of $3.42, this equates to yields of 5% and 5.2%, respectively.
Coles Group Ltd (ASX: COL)
Another ASX 200 dividend share that could be a buy in June is supermarket giant, Coles.
It could be a great option for income investors due to its defensive qualities, strong market position, solid long term growth prospects, and favourable exposure to rising inflation.
In addition, the company is working hard on its refreshed strategy, which is focusing on cutting costs with automation and efficiencies.
Analysts at Morgans are very positive on the company. They currently have an add rating and $20.65 price target on its shares. The broker is also forecasting fully franked dividends of 61 cents per share in FY 2022 and then 64 cents per share in FY 2023.
Based on the latest Coles share price of $17.80, this will mean yields of 3.4% and 3.6%, respectively, over the next two years.
The post 2 inflation-beating ASX 200 dividend shares experts rate as buys this month appeared first on The Motley Fool Australia.
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More reading
- UBS warns of more downgrades for ASX 200 shares… but not all
- I’d buy these two ASX dividend shares in June 2022
- Analysts name 2 ASX dividend shares to buy with 5% yields
- Why is the Coles share price lagging the ASX 200 on Friday?
- Fundie reveals 3 ASX 200 shares with major pricing power to counter inflation
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 has positions in 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 Scott Phillips.
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