If you're an income investor, then you might want to read on. Listed below are two ASX dividend shares that have just been rated as buys by experts.
Here's what they are saying about these top ASX 200 dividend shares:
Image source: Getty Images
Collins Foods Ltd (ASX: CKF)
The first ASX 200 dividend share that has been tipped as a buy is 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.
But management isn't settling for that. It sees plenty of room for growth in both the Australian and European markets, which could bode well for the company's earnings and dividends in the coming years.
Morgans is very positive on the company's outlook and has an add rating and $11.50 price target on its shares.
As for dividends, its analysts are forecasting fully franked dividends of 28 cents in FY 2023 and 31 cents in FY 2024. Based on the current Collins Foods share price of $8.48, this will mean yields of 3.3% and 3.7%, respectively.
Stockland Corporation Ltd (ASX: SGP)
Another ASX 200 dividend share that has been rated as a buy is Stockland.
It is a residential and land lease developer and retail, logistics and office real estate property manager.
Goldman Sachs is positive on the company and has a buy rating and $4.50 price target on its shares.
While Goldman accepts that trading conditions are tough, its analysts "believe the potential headwinds are factored into the share price and see SGP as attractively valued." Particularly given its recently refreshed corporate strategy and the sale of its low returning Retirement division.
In respect to dividends, the broker is forecasting dividends per share of 27.6 cents in FY 2023 and 28.3 cents in FY 2024. Based on the current Stockland share price of $3.24, this will mean yields of 8.5% and 8.7%, respectively.
