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 listed below.
These ASX 200 dividend shares have been rated as buys by analysts and tipped to provide 5%+ yields. Here's what brokers are saying about them:
Aurizon Holdings Ltd (ASX: AZJ)
The first ASX 200 dividend share for income investors to consider buying is Aurizon.
Australia's largest rail freight operator connects miners, primary producers, and industry with international and domestic markets through its extensive national rail and road network.
The team at Morgans is very positive on the company and has an add rating and $3.81 price target on its shares. Its analysts revealed that they "see value in the stock at current prices, supported by the far higher quality Network and Coal haulage businesses."
As for dividends, Morgans is forecasting partially franked dividends of 17 cents per share in FY 2023 and then 19 cents per share in FY 2024. Based on the latest Aurizon share price of $3.41, this will mean yields of 5% and 5.6%, respectively.
National Australia Bank Ltd (ASX: NAB)
Another ASX 200 dividend share that has been rated as a buy is this banking giant.
Goldman Sachs is a fan and currently has a buy rating and $33.06 price target on its shares.
The broker remains positive on NAB in the current environment due to its strong capital position and exposure to commercial lending. Goldman expects the latter to perform better than home lending due to the housing market downturn.
Another positive is the work NAB has already done on productivity and cost management. It feels this "leaves it well positioned for an environment of elevated inflationary pressure."
In respect to dividends, Goldman Sachs is expecting the bank to pay fully franked dividends of $1.68 per share in FY 2023 and FY 2024. Based on the current NAB share price of $29.10, this means yields of 5.8% in both years.
