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:
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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.
