Analysts name 2 ASX 200 dividend shares to buy

Here are two top dividend shares…

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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.

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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. 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.

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