Analysts name 2 ASX 200 dividend shares to buy

Here are two top dividend shares…

| More on:
Happy young man and woman throwing dividend cash into air in front of orange background.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

With interest rates at such low levels, income investors may want to look at the dividend shares listed below for a source of income.

Here's why these two ASX 200 dividend shares have been rated as buys:

Commonwealth Bank of Australia (ASX: CBA)

The first ASX 200 dividend share for investors to consider is Australia's largest bank, CBA.

While weakness in its net interest margin due to intense competition for home loans has weighed on its shares recently, the team at Bell Potter believe it is worth sticking with the bank.

Its analysts like CBA due to its leadership position in home lending and retail deposits. Bell Potter also notes that its strategic strengths of scale, brand, and diversification are supported by an irreplaceable infrastructure comprising over 1,100 branches, 3,800 Australia Post agencies, and nearly 3,600 ATMs. All in all, this bodes well for its future growth when trading conditions normalise.

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 $102.65, this will mean yields of 3.8% and 4%, respectively.

Suncorp Group Ltd (ASX: SUN)

Another ASX 200 dividend share that could be in the buy zone is Suncorp. It is the banking and insurance giant behind a number Australia and New Zealand's most recognised financial brands. These include AAMI, Apia, Bingle, GIO, Shannons, Vero, and the eponymous Suncorp brand.

Goldman Sachs is positive on the company's shares at the current level. The broker currently has a buy rating and $13.74 price target on them. As for dividends, Goldman is forecasting attractive dividend yields in the coming years. It has pencilled in fully franked dividends per share of 61 cents in FY 2022 and 73 cents in FY 2023.

Based on the current Suncorp share price of $11.60, this will mean yields of 5.25% and 6.3%, respectively.

Should you invest $1,000 in Australia And New Zealand Banking Group right now?

Before you buy Australia And New Zealand Banking Group shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Australia And New Zealand Banking Group wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 7 February 2025

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. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Dividend Investing

Woman with an amazed expression has her hands and arms out with a laptop in front of her.
Dividend Investing

Forget term deposits and buy these ASX dividend shares

Analysts think these income stocks would be great picks for investorss.

Read more »

A businesswoman on the phone is shocked as she looks at her watch, she's running out of time.
Financial Shares

Hoping to bag the next dividend on IAG shares? Better hurry…

The insurance giant has announced a 20% higher interim dividend of 12 cents per share.

Read more »

Wife and husband with a laptop on a sofa over the moon at good news.
Dividend Investing

These ASX dividend shares could be better than CBA

Analysts see these top shares as great alternatives for income investors.

Read more »

Woman calculating dividends on calculator and working on a laptop.
ETFs

Here's how much the Vanguard MSCI Index International Shares ETF (VGS) currently pays in dividends

The yield on this ETF might surprise you.

Read more »

Excited couple celebrating success while looking at smartphone.
Dividend Investing

These top ASX dividend shares could rise 15% to 30%

Analysts expect big things from these dividend payers this year.

Read more »

Two mature-age people, a man and a woman, jump in unison with their arms and legs outstretched on a sunny beach.
Energy Shares

Dividend investors: 2 top ASX energy shares for February

Energy shares an be a great source of passive income...

Read more »

Man putting in a coin in a coin jar with piles of coins next to it.
Dividend Investing

Buy these ASX dividend stocks for a passive income boost

Analysts are bullish on these names. Let's see what they are saying about them.

Read more »

Australian notes and coins symbolising dividends.
Dividend Investing

4 ASX 300 shares with ex-dividend dates before this week ends

You'd better be quick if you want to bag these dividends.

Read more »