If you're wanting to boost your income with some dividend shares next week, then you might want to consider the ones listed below.
These dividend shares have recently been named as buys and tipped to provide investors with attractive yields in 2022. Here's what you need to know about them:
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Adairs Ltd (ASX: ADH)
The first ASX dividend share for investors to look at this week is leading furniture and homewares retailer, Adairs.
Although FY 2022 has been tough so far due to COVID-19 headwinds, this weakness is only expected to be temporary. This could make the recent selloff of its shares a buying opportunity for patient income investors.
Commenting on the selloff, analysts at Morgans said: "Today's trading update was a disappointment and has led us to lower expectations for full year earnings. The share price reaction to the statement was, however, greater than we had thought appropriate. The FY23F P/E of 7.6x with a dividend yield of 8.7% are attractive enough for us to retain an ADD rating."
The broker has retained its add rating but cut its price target to $3.70. In addition, it is now 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 $3.18, this will mean yields of 6% and 8.2%, respectively, over the next couple of years.
Commonwealth Bank of Australia (ASX: CBA)
Another ASX dividend share to look at next week is Australia's largest bank, Commonwealth Bank.
Bell Potter is a fan of the banking giant and upgraded its shares to a buy rating with a $108.00 price target last week following its half year results.
Commenting on the results, Bell Potter said: "CBA's $4.75bn cash NPAT was 8% higher than our forecast. […] Cash NPAT was nearly on par with 2H21, a great outcome. There was also investment in operational execution (in line with the bank's strategic priorities) coupled with a return of excess capital to shareholders of $2bn (on-market share buyback; surplus capital post buy-back would be around $4bn)."
As for dividends, the broker is forecasting CBA to pay fully franked dividends of $3.87 per share in FY 2022 and then $4.07 per share in FY 2023.. Based on the current CBA share price $98.55, this represents yields of 3.9% and 4.1%, respectively.
