When it comes to dividend shares there certainly is a large number to choose from on the Australian share market.
But deciding which ones to buy can be a difficult task. Luckily, brokers across the country have been busy doing the hard work and recommending shares to buy and sell again this week.
Three dividend shares that have been rated as buys are listed below:
Costa Group Holdings Ltd (ASX: CGC)
According to a note out of UBS, its analysts have a buy rating and $5.50 price target on this horticulture company's shares. Although the broker notes that mushroom prices have been trending notably lower and could weigh on its half year results, it is optimistic that an uptick in prices of tomatoes and avocados could soften the blow. But overall, the broker appears confident in its long-term outlook and has forecast a fully franked dividend of 17 cents per share in FY 2020. This equates to a forward 4.6% yield.
Suncorp Group Ltd (ASX: SUN)
A note out of Citi reveals that its analysts have retained their buy rating and $14.40 price target on this insurance giant's shares following the release of its full year results. According to the note, although its result was a touch short of its expectations, the broker was pleased with its insurance margins and management's decision to scrap its Marketplace strategy. It continues to forecast a fully franked 78 cents per share dividend in FY 2020, which works out to be a forward 5.9% dividend yield.
Super Retail Group Ltd (ASX: SUL)
Analysts at Goldman Sachs have reiterated their buy rating and $10.70 price target on this retailer's shares ahead of its full year results release this month. According to the note, Goldman expects Super Retail to report EBIT growth of 8.7% in FY 2019, which is ahead of the market consensus. Looking ahead, the broker estimates that its shares currently provide a fully franked FY 2020 dividend yield of ~6.4%.
