If you're looking to boost your income portfolio with some dividend shares, then you may want to look at the ones listed below.
Here's why these ASX 200 dividend shares are rated as buys:
Coles Group Ltd (ASX: COL)
The first ASX 200 dividend share to look at is Coles. Over a century after opening its first store in Collingwood, Coles has grown to become one of the big two supermarket operators with over 800 supermarkets. In addition, it has over 900 liquor retail stores and over 700 Coles express stores.
But it isn't resting on its laurels. As well as growing its network further, the company is aiming to make its operations more efficient. This is through cost cutting and its focus on automation with Ocado.
Citi is a fan of the company and recently upgraded its shares to a buy rating with a $19.60 price target. It is also forecasting fully franked dividends per share of 64.5 cents in FY 2022 and 71.5 cents in FY 2023.
Based on the current Coles share price of $18.01, this implies yields of 3.6% and 4%, respectively.
National Australia Bank Ltd (ASX: NAB)
Another ASX 200 dividend share for income investors to consider is NAB. While this banking giant's shares may not have pulled back this month like some of the other big four banks' shares have, they are still being tipped to provide strong total returns for investors in the coming years.
For example, the team at Bell Potter currently has a buy rating and $32.00 price target on the bank's shares. Bell Potter was impressed with the company's performance in FY 2021 and expects further growth in the next couple of financial years.
For example, the broker has pencilled in dividends per share of 132.5 cents in FY 2022 and then 134.5 cents in FY 2023. Based on the current NAB share price of $28.57, this equates to fully franked yields of 4.6% and 4.7%, respectively.
