Analysts name 2 ASX 200 dividend shares to buy right now

Here are two ASX 200 dividend shares to buy….

| More on:
Australian dollar notes rolled into bundles.

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

If you're looking for ASX 200 dividend shares to buy, then the two listed below could be worth considering. Both have been named as buys by top brokers and tipped to provide investors with attractive yields.

Here's what you need to know about these ASX 200 dividend shares:

Collins Foods Ltd (ASX: CKF)

The first ASX 200 dividend share to look at is quick service restaurant operator Collins Foods.

It is one of the largest operators of KFC restaurants in Australia, has a growing presence in Europe, and a smaller but growing network of Taco Bell restaurants across Australia.

The good news is that management still sees plenty of room for growth in both the Australian and European markets. Late last year, it highlighted that it has a significant organic growth pipeline and attractive opportunities to reach scale in KFC Netherlands and Taco Bell Australia, while adding to its core KFC Australia footprint.

Macquarie is fan of the company and currently has an outperform rating and $14.80 price target on its shares. As for dividends, it is forecasting fully franked dividends per share of 33.4 cents in FY 2022 and 37.7 cents in FY 2023.

Based on the current Collins Foods share price of $10.24, this will mean yields of 3.3% and 3.7%, respectively.

Wesfarmers Ltd (ASX: WES)

Another ASX 200 dividend share to look at is Wesfarmers.

It is the conglomerate behind a high quality portfolio of retail assets as well as a collection of industrial businesses and even a lithium miner.

Among its retail assets are some of the most popular brands in the country. These include Bunnings, Kmart, Officeworks, and Priceline Pharmacy.

Morgans is a fan of the conglomerate and notes that it is run by a highly regarded management team and has a strong balance sheet. The latter could be supportive of further M&A activity in the future. The broker has an add rating and $58.50 price target on its shares.

In respect to dividends, Morgans is forecasting fully franked dividends per share of $1.62 in FY 2022 and $1.81 in FY 2023. Based on the current Wesfarmers share price of $50.34, this will mean yields of 3.2% and 3.6%, respectively.

Motley Fool contributor James Mickleboro owns Collins Foods Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Collins Foods Limited. The Motley Fool Australia owns and has recommended Wesfarmers Limited. The Motley Fool Australia has recommended Collins Foods Limited. 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

Two smiling work colleagues discuss an investment or business plan at their office.
Dividend Investing

Analysts say these ASX dividend shares are top buys

Here's what sort of yields they are expecting from these shares.

Read more »

Two elderly men laugh together as they take a selfie with a mobile phone with a city scape in the background.
Dividend Investing

Forget term deposits and buy these ASX dividend stocks

Analysts think these stocks could be buys for income investors.

Read more »

A woman sits on sofa pondering a question.
Dividend Investing

Do Fortescue shares beat the big banks for dividend income?

Is Fortescue's 10%-plus dividend yield too good to pass up?

Read more »

A mining worker wearing a white hardhat and a high vis vest stands on a platform overlooking a huge mine, thinking about what comes next.
Dividend Investing

BHP shares have fallen out of the global top 20 dividend payers. Here's why

Global dividends continue to climb.

Read more »

A young woman holds her hand to her mouth in surprise as she reads something on her laptop.
Dividend Investing

Buy these impressive ASX dividend shares for market-beating returns

Analysts are tipping these shares to provide great yields and major upside.

Read more »

Man jumping in water with a floatable flamingo, symbolising passive income.
Dividend Investing

Why I'd buy these top ASX dividend shares before the end of 2025

Now could be the right time to buy these dividend stocks.

Read more »

A young man talks tech on his phone while looking at a laptop. A financial graph is superimposed across the image.
Dividend Investing

Brokers say these ASX dividend stocks are buys right now

Income investors might want to check out these buy-rated stocks this week.

Read more »

$100 Australian notes on top of each other.
Dividend Investing

These buy-rated ASX dividend stocks offer 7%+ yields

Analysts expect these buy-rated stocks to provide income investors with big yields.

Read more »