Are you looking for dividend shares to add to your income portfolio? If you are, then the two listed below could be top options.
Both have been named as buys and tipped to provide attractive yields in the coming years. Here's what you need to know about them:
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Coles Group Ltd (ASX: COL)
The first ASX dividend share to look at is this supermarket, convenience, and liquor store operator.
Coles could be a top option for income investors due to its strong market position, positive exposure to inflation, and its favourable dividend policy. The latter sees the company pay out upwards of 90% of profits as dividends to shareholders.
One broker that is a big fan of Coles is Citi. Its analysts have a buy rating and $19.30 price target on its shares.
As for dividends, the broker is forecasting fully franked dividends of 63 cents per share in FY 2022 and 72 cents per share in FY 2023. Based on the current Coles share price, this will mean yields of 3.4% and 3.9%, respectively.
DEXUS Property Group (ASX: DXS)
Another ASX dividend share to look at is Dexus. It is an Australian real estate company focused on office, industrial and retail properties.
Dexus never rests on its laurels and is always looking for ways to boost its portfolio. For example, during this financial year, the company made a $1.5 billion acquisition of industrial assets. These assets include Jandakot Airport in Perth and a logistics centre leased to Australia Post. It also purchased the Collimate RE and domestic infrastructure business from AMP Limited (ASX: AMP).
Ord Minnett is positive on the company. Last week it upgraded the company's shares to a buy rating with a $11.50 price target.
As for dividends, it is forecasting dividends per share of 53 cents in FY 2022 and 55 cents in FY 2023. Based on the current Dexus share price of $9.47, this will mean yields of 5.6% and 5.8%, respectively.
