There certainly are plenty of options for income investors to choose from on the Australian share market.
In order to narrow things down, I have picked out a couple of ASX 200 dividend shares that analysts rate as buys.
Here's what you need to know about them:
ANZ Group Holdings Ltd (ASX: ANZ)
The first ASX 200 dividend share that could be a buy is banking giant ANZ.
That's the view of analysts at Citi, which believe ANZ is the best big four bank to buy right now. This is because the broker sees ANZ's "unique capabilities as set to deliver relative outperformance in the current market conditions."
Citi currently has a buy rating and a $26.50 price target on the bank's shares.
As for dividends, its analysts are forecasting fully franked dividends of 164 cents per share in FY 2023 and then 166 cents per share in FY 2024. Based on the current ANZ share price of $23.68, this will mean dividend yields of 6.9% and 7%, respectively.
Rio Tinto Ltd (ASX: RIO)
Over at Goldman Sachs, its analysts believe that this mining giant could be an ASX 200 dividend share to buy.
The broker rates Rio Tinto highly due to its "compelling relative valuation vs. peers (0.9xNAV vs. BHP 1.05xNAV and FMG 1.5xNAV), [and] strong FCF and Div yield with our bullish view on iron ore, aluminium and copper prices."
Goldman currently has the miner's shares on its conviction list with a buy rating and a $130.70 price target.
Pleasingly, the broker is also expecting some attractive dividend yields in the near term. Goldman is expecting Rio Tinto to pay fully franked dividends per share of US$3.84 (A$5.64) in FY 2023 and then US$4.31 (A$6.34) in FY 2024. Based on the latest Rio Tinto share price of $115.79, this will mean yields of 4.9% and 5.5%, respectively.