Are you looking for some dividend options for your income portfolio this week? If you are, then take a look at the two ASX 200 dividend shares listed below.
Here's why they have been tipped to as buys by experts:
Coles Group Ltd (ASX: COL)
The first ASX 200 dividend share for investors to consider is this supermarket giant.
Thanks to its strong market position (800+ supermarkets, 900+ liquor retail stores, and 700+ Coles express stores) and defensive qualities, Coles has been tipped to continue growing its sales, profits, and dividends in the coming years.
In addition, this will be supported by its refreshed strategy and the construction of its smart distribution centres, which are aiming to make its operations more efficient and cut costs.
Morgans is bullish on Coles and has an add rating and $20.65 price target on its shares.
In respect to dividends, Citi is forecasting fully franked dividends per share of 61 cents in FY 2022 and 64 cents in FY 2023. Based on the current Coles share price of $18.87, this will mean yields of 3.2% and 3.4%, respectively.
Westpac Banking Corp (ASX: WBC)
A second ASX 200 dividend share that could be in the buy zone is Westpac.
It is of course one of Australia's big four banks and, as well as the eponymous Westpac brand, is home to a collection of other regional banking brands such as Bank of Melbourne, Bank SA, and St Georges.
Australia's oldest bank is currently going through a major cost cutting programme that aims to reduce its cost base materially in the coming years.
It is partly for this reason that the team at Citi is bullish on the bank. In fact, its analysts see Westpac "delivering the strongest EPS growth in the sector" in the coming years.
Citi has a buy rating and $29.00 price target on the bank's shares.
It is also forecasting big fully franked dividend yields for investors. It has pencilled in dividends of 123 cents per share in FY 2022 and 155 cents per share in FY 2023. Based on the current Westpac share price of $21.05, this will mean yields of 5.8% and 7.35%, respectively.
