Here are two buy-rated dividend shares with growing yields…
The post 2 ASX dividend shares with large and growing yields appeared first on The Motley Fool Australia. –
Are you looking for dividend shares to add to your income portfolio when the market reopens next week? If you are, then the two listed below could be worth considering.
Both of these dividend shares have been rated as buys and tipped to provide income investors with attractive and growing yields in the coming years. Here’s what you need to know about them:
Adairs Ltd (ASX: ADH)
The first dividend share to look at is Adairs. It is a leading homewares and furniture retailer with a presence online and offline through three brands. These are the eponymous Adairs brand, its online-only brand Mocka, and the newly acquired Focus on Furniture brand.
Morgans is positive on its outlook and has an add rating and $4.80 price target. it is also forecasting fully franked dividends of 23 cents per share in FY 2022 and 29 cents per share in FY 2023. Based on the current Adairs share price of $3.81, this will mean yields of 6% and 7.6%, respectively.
National Australia Bank Ltd (ASX: NAB)
Another ASX dividend share to look at is NAB. This banking giant could be a top option for income investors that don’t already have meaningful exposure to the sector. This is due to its strong position in business banking and its acquisition of Citi’s Australian consumer business. The latter fills a gap in its offering which bodes well for its future growth.
Bell Potter is bullish on NAB and has a buy rating and $32.00 price target on its shares. It is also expecting attractive yields in the coming years, with fully franked dividends per share of 132.5 cents in FY 2022 and 134.5 cents in FY 2023. Based on the current NAB share price of $28.32, this will mean yields of 4.7% and 4.75%, respectively, over the next couple of years.
The post 2 ASX dividend shares with large and growing yields appeared first on The Motley Fool Australia.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.