2 ASX 200 dividend shares to buy next week

These dividend shares could be buys. Here’s why…

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Are you looking for some dividend shares to boost your income portfolio?

If you are, then you might want to look at the ones listed below. Here’s why these ASX 200 dividend shares could be in the buy zone:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

If you don’t already have exposure to the banking sector, then it may be worth considering ANZ. It could be an ASX 200 dividend share to buy according to the team at Morgans. The broker currently has an add rating and $34.50 price target on its shares.

Morgans likes ANZ due to its attractive valuation, cost reduction plans, and its strong balance sheet.

The broker is also expecting the bank’s dividend to grow nicely in the coming years. It has pencilled in fully franked dividends per share of $1.45 in FY 2021 and then $1.65 in FY 2022.

Based on the current ANZ share price of $27.96, this will mean yields of 5.2% and 5.9%, respectively.

South32 Ltd (ASX: S32)

Investors that are happy to invest in the mining sector might want to take a look at this mining giant. South32 could be an ASX 200 dividend share to buy thanks to expectations for bumper free cash flows and returns for investors in the coming years.

The miner has exposure to a range of commodities such as alumina, aluminium, energy coal, metallurgical coal, manganese ore, nickel, silver, lead, and zinc. Some of these, such as aluminium and coal, are commanding sky high prices at present.

Goldman Sachs is very positive on South32 and is forecasting huge dividends in the coming years. It expects dividends per share of 29 US cents (39.8 Australian cents) in FY 2022 and 31.9 US cents (43.9 Australian cents) in FY 2023.

Based on the latest South32 share price of $3.58, this will mean fully franked yields of approximately 11.1% and 12.2%, respectively.

Goldman has a conviction buy rating and $4.00 price target on its shares.

Wondering where you should invest $1,000 right now?

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Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

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 no position in any of the stocks mentioned. 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 Bruce Jackson.

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