2 buy-rated ASX dividend shares with fully franked yields

These two dividend shares offer investors attractive fully franked yields

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Are you looking for income options for your portfolio? If you are, then you might want to consider the ASX dividend shares listed below.

Here’s why they could top options for income investors:

Adairs Ltd (ASX: ADH)

The first ASX dividend share to look at is Adairs. It is a leading homewares and furniture retailer with both a bricks and mortar and online presence. This includes through its core brand, the online-only Mocka brand, and the recently acquired Focus on Furniture brand.

The team at Morgans is positive on Adairs. A recent note reveals that its analysts have an add rating and $4.80 price target on the company’s shares. Morgans sees a lot of positives from the acquisition of Focus on Furniture. It believes it will be complementary to the core business and may offer enhanced opportunities for network expansion.

As for dividends, Morgans is 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 $3.90, this will mean yields of 5.9% and 7.4%, respectively.

Commonwealth Bank of Australia (ASX: CBA)

Another ASX dividend share to consider buying this week is Australia’s largest bank, CBA.

It could be a top option in the banking sector due to its leadership position in home lending and retail deposits. And while competition for mortgages is likely to weigh on its near term performance, the team at Bell Potter remain positive and is predicting growing dividends.

Bell Potter currently has a buy rating and $111.00 price target on the bank’s shares. As for dividends, the broker is forecasting fully franked dividends per share of $3.94 in FY 2022 and $4.15 in FY 2023. Based on the current CBA share price of $99.33, this will mean yields of 4% and 4.2%, respectively.

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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.

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