Brokers say these are the ASX 200 dividend shares to buy now

Here are two ASX 200 dividend shares to buy according to analysts…

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If you're looking for dividends shares to buy, then you may want to look at the two listed below.

Here's why brokers rate these ASX 200 dividend shares highly:

Coles Group Ltd (ASX: COL)

The first ASX 200 dividend share that brokers rate as a buy is supermarket giant Coles.

A note out of Citi reveals that its analysts have a buy rating and $20.10 price target on its shares.

Its analysts were pleased with the company's decision to sell its fuel and convenience business recently and expects "the proceeds will be invested into the business (e.g. accelerate store renewals, lift omni-channel capability)."

As well as plenty of upside from its shares, the broker is expecting some attractive yields from them in the coming years. It is forecasting a 74 cents per share dividend in FY 2023 and a 79 cents per share dividend in FY 2024.

Based on the current Coles share price of $16.23, this will mean yields of 4.6% and 4.9%, respectively, for investors.

Elders Ltd (ASX: ELD)

Another ASX 200 dividend share that has been rated as a buy is Elders. It is a leading agribusiness company offering range of services to rural and regional customers across the ANZ region.

According to a note out of Goldman Sachs, its analysts have a buy rating and $21.00 price target on its shares.

Goldman believes Elders is well-placed for further growth and highlights its "strong track record; good industry structure; potential for positive earnings surprise; and an attractive valuation."

In addition, it is forecasting dividends per share of 50 cents in FY 2022 and 53 cents in FY 2023. Based on the current Elders share price of $12.30, this implies attractive yields of 4.1% and 4.3%, respectively.

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 positions in and has recommended COLESGROUP DEF SET. The Motley Fool Australia has recommended Elders Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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