2 ASX 200 dividend shares to buy: analysts

Here's why income investors might want to check out these buy-rated dividend shares.

| More on:
Man looking amazed holding $50 Australian notes, representing ASX dividends.

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

Are you looking for some ASX 200 dividend shares to buy this week? If you are, then it could be worth checking out the two named below.

Both have been tipped as buys and are expected to offer generous dividend yields in the coming years. Here's what you need to know about them:

ANZ Group Holdings Ltd (ASX: ANZ)

The first ASX 200 dividend share that has been tipped as a buy is ANZ. It is of course a household name thanks to its position as one of Australia's big four banks.

Analysts at Goldman Sachs are positive on the company and recently named it as their top big four bank to buy. This is due largely to its institutional lending business, which the broker expects to perform positively in the current environment compared to consumer lending.

Goldman currently has a buy rating and a $27.38 price target on its shares.

In respect to dividends, the broker has pencilled in fully franked dividends per share of $1.62 in both FY 2023 and FY 2024. Based on the current ANZ share price of $24.49, this will mean dividend yields of 6.6%.

BHP Group Ltd (ASX: BHP)

Another ASX 200 dividend share that could be a buy is BHP. As with ANZ, it needs little introduction thanks to its position as one of the world's largest mining companies.

The team at Morgans is positive on the miner and highlights that recent share price weakness has left it trading at an attractive level.

The broker has an add rating and a $51 price target on the Big Australian's shares.

As for dividend yields, it is forecasting fully franked dividends per share of ~$2.58 in FY 2023 and then ~$2.55 in FY 2024. Based on the current BHP share price of $43.69, this would mean yields of 5.9% and 5.8%, respectively.

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 positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. 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

Happy young woman saving money in a piggy bank.
Dividend Investing

$10,000 in savings? Here's how I'd aim to make $2,200 a month in ASX passive income

Want to be paid for doing nothing? This is how I would do it.

Read more »

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

Invested $5,000 in Wesfarmers shares in 2021? Guess how much passive income you've earned

Passive income offers a big boost to the performance of Wesfarmers shares.

Read more »

A businessman hugs his computer and smiles.
Dividend Investing

Buy and hold these excellent ASX dividend shares

Brokers think these shares could be quality picks for income investors.

Read more »

Three boys dressed as knights wield swords as they defend their castle wall.
Dividend Investing

High-yield alert: 3 ASX dividend shares to buy now

These are some of my top picks for income in today's market...

Read more »

two men in hard hats and high visibility jackets look together at a laptop screen that one of the men in holding at a mine site.
Resources Shares

Is Fortescue stock a buy for its monstrous 10% dividend yield?

We should always be careful about a high dividend yield on a mining stock.

Read more »

Excited woman holding out $100 notes, symbolising dividends.
Dividend Investing

$10,000 to invest? These 2 high-yield ASX shares could deliver a $700+ passive income

Analysts have put buy ratings on these shares and expect big dividends from them.

Read more »

A senior couple discusses a share trade they are making on a laptop computer
Dividend Investing

3 top ASX 200 dividend shares to buy in December

Great yields could be on the cards for buyers of these shares according to analysts.

Read more »

Happy young couple saving money in piggy bank.
Dividend Investing

Forget Westpac and buy these ASX dividend stocks

Analysts think these shares could be better options for income investors than the big four bank.

Read more »