If you're wanting to boost your income with some dividend shares, then the two listed below could be worth considering.
Both have been named as buys and tipped to pay very attractive dividends to investors. Here's what you need to know:
Image source: Getty Images
Centuria Industrial Reit (ASX: CIP)
The first ASX 200 dividend share to look at is Centuria Industrial. It is the owner of a portfolio of high-quality industrial assets situated in key metropolitan locations throughout Australia.
Demand for the company's properties has been very strong and underpinned a portfolio occupancy rate of 99.2% and 10% rental growth in FY 2022. The good news is that this trend is expected to continue thanks to elevated occupier demand from the e-commerce sector, which is creating competition for high-quality industrial assets.
Analysts at Macquarie are positive on Centuria Industrial and have an outperform rating and $4.27 price target on its shares.
As for dividends, the broker is forecasting a 17.3 cents per share distribution in FY 2022 and a 17.8 cents per share distribution in FY 2023. Based on the current Centuria Industrial share price of $3.50, this will mean yields of 4.9% and 5.1%, respectively
Rio Tinto Limited (ASX: RIO)
Another ASX 200 dividend share that could be in the buy zone is Rio Tinto.
Due to its exposure to a range of commodities which are commanding strong prices right now, the mining giant has been tipped to generate material cash flow in the near term.
In addition, Rio Tinto has a number of growth projects in the works that look set to boost production in the near future. Combined, this bodes well for the miner's earnings and dividends.
Goldman Sachs is bullish and has a buy rating and $135.10 price target on its shares.
The broker is also expecting some big fully franked dividends in the coming years. It is forecasting a US$9.30 per share dividend in FY 2022 and a US$8.80 per share dividend in FY 2023. Based on the current Rio Tinto share price of $108.86 and the latest exchange rates, this will mean yields of 12.3% and 11.6%, respectively.
