Brokers say these ASX 200 dividend shares are buys

Big dividend yields are expected from these income shares.

| More on:
Smiling woman holding Australian dollar notes in each hand, symbolising 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

Income investors who are on the lookout for some ASX 200 dividend shares to buy might want to check out the two named below.

That's because brokers have recently put buy ratings on their shares and are tipping very attractive yields. Here's what you need to know:

QBE Insurance Group Ltd (ASX: QBE)

The first ASX 200 dividend share that brokers are positive on is insurance giant QBE.

Goldman Sachs is tipping the company's shares as a buy with an $18.09 price target.

The broker believes that rates "earned over the next 12 months will like be well ahead of moderating inflation to offset reinsurance / perils cost pressure and likely support improving underlying trends."

In respect to dividends, the broker is forecasting payouts of 42 US cents per share in FY 2023, 60 US cents per share in FY 2024, and 62 US cents per share in FY 2025. Based on the current QBE share price of $15.09, this will mean dividend yields of 4.4%, 6.3%, and 6.5%, respectively.

Super Retail Group Ltd (ASX: SUL)

Analysts at Morgans think that Super Retail could be an ASX 200 dividend share to buy with a $15.00 price target.

The broker is positive on the Rebel and Super Cheap Auto owner and recently lifted its earnings estimates to reflect a better-than-expected margin performance in FY 2023.

As for income, the broker isn't ruling out another special dividend in FY 2024. It said: "SUL declared a 25c special dividend [in FY 2023], and at this stage we think it will declare another one this time next year."

The broker is forecasting fully franked dividends per share of 89 cents in FY 2024 and then 73 cents in FY 2025. Based on the latest Super Retail share price of $11.47, this will mean generous yields of 7.75% and 6.4%, 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 recommended Super Retail Group. 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 man holding Australian dollar notes, representing dividends.
Dividend Investing

3 outstanding ASX dividend shares to buy next week

Analysts are tipping these shares to offer big returns over the next 12 months.

Read more »

A male oil and gas mechanic wearing a white hardhat walks along a steel platform above a series of gas pipes in a gas plant
Dividend Investing

Should I buy Santos shares for dividend income?

Santos shares have been steadily upping their dividends since 2020.

Read more »

A businessman lights up the fifth star in a lineup, indicating positive share price for a top performer
Dividend Investing

2 of the best ASX dividend shares to buy in December

Bell Potter rates these dividend shares very highly. Let's see why.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Analysts expect 5% to 8% dividend yields from these ASX stocks

Here's why these dividend stocks could be great options for income investors today.

Read more »

Male hands holding Australian dollar banknotes, symbolising dividends.
Dividend Investing

5 ASX 200 shares with ex-dividend dates next week

Do you own any of these shares that are primed to pay out?

Read more »

A couple makes silly chip moustache faces and take a selfie on their phone.
Dividend Investing

Invested $5,000 in Telstra shares in 2021? Here's how much passive income you've already earned

Atop the share price gains, how much passive income have investors earned from their Telstra stock?

Read more »

Happy couple enjoying ice cream in retirement.
Dividend Investing

Buy Telstra and this ASX dividend stock now

Analysts are saying good things about these dividend stocks. Let's see why they are bullish.

Read more »

A smiling woman with a handful of $100 notes, indicating strong dividend payments
Dividend Investing

Invest $20,000 in 2 ASX dividend shares for $1,500 in passive income

Analysts expect big yields from these passive income shares over the next couple of years.

Read more »