If you're looking for dividend shares to add to your income portfolio, then it could be a good idea to check out the two named below.
These two ASX 200 dividend shares have been rated as buys by analysts at Morgans. Here's what they are saying about them right now:
Image source: Getty Images
QBE Insurance Group Ltd (ASX: QBE)
The first ASX 200 dividend share that Morgans has named as a buy for investors is insurance giant QBE. Its analysts currently have an add rating and $14.89 price target on its shares.
Morgans revealed that it is expecting "QBE's earnings profile to improve strongly over the next few years."
Its analysts expect this to be driven by "strong rate increases still flowing through QBE's insurance book, and further cost-out benefits."
In respect to dividends, the broker is forecasting a 42 cents per share dividend in FY 2022 and then a 90 cents per share dividend in FY 2023. Based on the latest QBE share price of $12.88, this equates to yields of 3.25% and 7%, respectively.
Santos Ltd (ASX: STO)
Another ASX 200 dividend share that Morgans rates highly is this leading energy producer. The broker currently has an add rating and $9.00 price target on its shares.
Morgans likes Santos due to its "growth profile and diversified earnings base" which it feels leaves the company "well placed to outperform against a backdrop of a broader sector recovery."
The broker is expecting this to allow the company to pay dividends per share of 23 cents in FY 2022 and then 24.4 cents in FY 2023. Based on the current Santos share price of $7.06, this will mean yields of 3.25% and 3.45%, respectively, for income investors.
