Traditionally, the Australian share market has an average dividend yield of approximately 4%.
At present, there are plenty of ASX 200 dividend shares to choose from that provide this level of yield.
However, income investors don't have to settle for that. If you look hard enough, you will see that there are some shares that offer potential yields that are materially better than average.
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Broker tips 22% yield from this ASX 200 share
One ASX 200 dividend share that has been tipped to provide an exceptionally large dividend in 2023 is Coronado Global Resources Inc (ASX: CRN).
Coronado Global Resources is a low cost global coal producer and exporter via a portfolio of operating mines in Queensland and the United States.
Thanks to very strong coal prices, the company has been tipped to deliver bumper earnings and dividends this year.
According to a recent note out of Bell Potter, its analysts are expecting a dividend of 45.5 cents per share in FY 2023. Based on the latest Coronado Global share price of $2.05, this will mean a 22% dividend yield for investors.
Bell Potter also sees plenty of upside for the ASX 200 coal miner's shares with its buy rating and $2.50 price target.
Although the broker believes that inclement weather poses a risk to the company's production guidance, it expects strong coal prices to be supportive of its earnings and dividends. It said:
Ongoing wet weather in the Bowen Basin is a risk to CRN's already downgraded CY22 production outlook. CRN is guiding to Group saleable coal production of 16.9-17.1Mt at a mining cost of US$81-83/t, which implies at least a 30% lift in final quarter production with corresponding flow through to lower unit costs. However, the current strong met coal price environment is expected to provide earnings and dividend support.
