Looking for some ASX 200 dividend shares to buy when the market reopens? Then take a look at the dividend giants listed below that have been named as buys by brokers.
Here's what analysts are expecting from these dividend shares:
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Coles Group Ltd (ASX: COL)
The first ASX 200 dividend share that could be a buy is supermarket giant Coles.
While the market appears to have cooled on Coles recently, the team at Macquarie remains positive. Earlier this month, the broker retained its outperform rating and $18.20 price target on its shares.
In respect to dividends, the broker is forecasting fully franked dividends of 58 cents per share in FY 2024 and 63 cents per share in FY 2025. Based on the current Coles share price of $15.91, this will mean yields of 3.6% and 4%, respectively.
Rio Tinto Ltd (ASX: RIO)
Another ASX 200 dividend giant that has been named as a buy is the world's second-largest metals and mining company, Rio Tinto.
Goldman Sachs is a fan of the miner and has a buy rating and a $125.20 price target on its shares.
As for income, the broker is forecasting fully franked dividends per share of US$3.47 (A$5.37) in FY 2023 and then US$4.05 (A$6.26) in FY 2024. Based on the latest Rio Tinto share price of $118.91, this will mean yields of 4.5% and 5.25%, respectively.
Transurban Group (ASX: TCL)
A final ASX 200 dividend giant that analysts are tipping as a buy is Transurban. It is the toll road giant behind roads such as CityLink, Cross City Tunnel, Eastern Distributor, and the West Gate Tunnel.
The team at Citi is particularly positive on Transurban and has a buy rating and a $15.90 price target on its shares.
As for dividends, the broker is expecting the company to pay dividends per share of 63 cents in FY 2024 and 65 cents in FY 2025. Based on the current Transurban share price of $13.31, this will mean yields of 4.7% and 4.9%, respectively.
