If you're wanting to boost your income with some dividend shares, then you might want to consider the ones listed below.
Both of these dividend shares are expected 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 Adairs. It is one of Australia's leading furniture and homewares retailers. As well as the core Adairs brand, it owns the online-only Mocka brand and recently acquired the Focus on Furniture brand.
And while FY 2022 has been tough so far due to COVID-19 headwinds, this weakness is only expected to be temporary. Which could make the recent selloff of its shares a buying opportunity for patient income investors.
Morgans certainly believes this to be the case. In response to the update, 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 $3.25, this will mean yields of 5.8% and 8%, respectively, over the next couple of years.
Centuria Industrial REIT (ASX: CIP)
Another ASX dividend share to look at is this leading property company with a focus on high quality industrial assets.
Thanks to strong demand for its properties, Centuria Industrial recently reported a weighted average lease expiry (WALE) of 8.9 years with a 99.2% portfolio occupancy rate. This is underpinning stronger than expected funds from operations (FFO) growth in FY 2022. So much so, last month management upgraded its FFO guidance to no less than 18.2 cents per share.
This is expected to underpin a distribution of 17.3 cents per share in FY 2022. Based on the current Centuria Industrial share price of $3.87, this will mean a yield of 4.5%.
Morgan Stanley is a fan of the company. In response to its guidance upgrade, the broker retained its overweight rating and lifted its price target to $4.35.
