If you're looking for ASX 200 dividend shares to buy, then you might want to check out the two listed below that have been tipped to provide 5%+ dividend yields.
In addition, brokers currently have buy ratings on their shares a present. Here's what you need to know about them:
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Deterra Royalties Ltd (ASX: DRR)
The first ASX 200 dividend share that could be a buy is Deterra Royalties.
It operates a royalty business model that involves the management and growth of a portfolio of royalty assets across a range of commodities, primarily focused on bulks, base and battery metals. This includes the Mining Area C (MAC) iron ore operation, which is co-owned with mining giant BHP Group Ltd (ASX: BHP).
Morgan Stanley is a fan of the company and has a buy rating and a $5.65 price target on its shares.
As for dividends, it is expecting fully franked dividends per share of 40.3 cents in FY 2024 and 30.1 cents in FY 2025. Based on the current Deterra Royalties share price of $5.21, this will mean yields of 7.7% and 5.8%, respectively.
National Australia Bank Ltd (ASX: NAB)
Another ASX 200 dividend share that has been named as a buy is big four bank NAB.
Goldman Sachs is positive on NAB in the current environment due to its exposure to commercial lending. Its analysts have previously noted that they "see volume momentum over the next 12 months as favouring commercial volumes over housing volumes and NAB provides the best exposure to this thematic."
Goldman Sachs has a buy rating and a $30.52 price target on its shares.
In respect to dividends, the broker is forecasting fully franked dividends of $1.62 per share in FY 2024 and $1.62 per share again in FY 2025. Based on the current NAB share price of $30.19, this implies yields of 5.35%.
