Buy Telstra and this ASX 200 dividend share for income in 2023: brokers

These dividend shares could be buys according to analysts…

| More on:
A woman in a bright yellow jumper looks happily at her yellow piggy bank representing bank dividends and in particular the CBA dividend

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 dividend shares to buy in January, then you might want to consider the two named below that brokers rate highly.

Here's why brokers say these ASX 200 dividend shares are right now:

Centuria Industrial Reit (ASX: CIP)

The first ASX 200 dividend share to consider in January is Centuria Industrial.

Centuria Industrial is Australia's largest domestic pure play industrial REIT. The company highlights that its portfolio of high-quality industrial assets is situated in urban infill locations throughout Australia and is underpinned by a quality and diverse tenant base.

It also notes that its portfolio is heavily weighted to areas of the economy that are in demand from tenants. This includes properties linked to the production, packaging, and distribution of consumer staples, telecommunications and pharmaceuticals.

Ord Minnett is positive on the company and has a buy rating and $3.50 price target on its shares.

As for dividends, the broker is forecasting dividends per share of 16 cents in FY 2023 and FY 2024. Based on the current Centuria Industrial share price of $3.13, this represents yields of 5% in both financial years.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share that could be a buy in January is telco giant Telstra.

That's the view of analysts at Morgans, who rate the company highly due to its successful transformation and its ongoing restructure. The broker believes the latter could unlock value for shareholders from the sale of infrastructure assets.

Morgans currently has an add rating and $4.60 price target on Telstra's shares.

In respect to dividends, the broker is forecasting Telstra to continue paying fully franked 16.5 cents per share dividends in both FY 2023 and FY 2024. Based on the current Telstra share price of $3.98 this equates to yields of 4.15%.

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 Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

a woman wearing fashionable clothes and jewellery checks her phone with a satisfied smile on her face in a luxurous home setting.
Dividend Investing

3 ASX dividend shares to buy instead of the big four banks

Analysts think these dividend shares could be top picks instead of the banks.

Read more »

A woman blows what looks like colourful dust at the camera, indicating a positive or magic situation.
Index investing

Does the Vanguard Australian Shares ETF (VAS) pay fully franked dividends?

This index fund can boost your returns with franking credits...

Read more »

A happy construction worker or miner holds a fistfull of Australian money, indicating a dividends windfall
Energy Shares

Is Woodside stock a buy for its 8% dividend yield?

Woodside's dividends look fat, but proceed with caution...

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

3 smart ASX dividend shares to buy with $500 now

Analysts think these stocks would be great options for income investors working on a budget.

Read more »

Happy young couple saving money in piggy bank.
Dividend Investing

I'd invest $10,000 in these ASX dividend shares to keep growing my wealth as rates fall

This would be my approach to dealing with a return to pitiful savings rates.

Read more »

Smiling woman with her head and arm on a desk holding $100 notes out, symbolising dividends.
Dividend Investing

Want a 6% yield? 3 ASX shares to buy today

Analysts are predicting these shares to deliver the goods for investors.

Read more »

Two excited woman pointing out a bargain opportunity on a laptop.
Dividend Investing

2 great ASX income shares I'd buy right now for the long term

I’m excited by the potential of these dividend stocks.

Read more »

A man in his late 60s, retirement age, emerges from the Australian surf carrying a surfboard under his arm and wearing a wetsuit.
Opinions

Here's how much ASX dividend income I'm aiming for in retirement

I’m using passive income stocks as a path to financial independence.

Read more »