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)
ANZ could be an ASX 200 dividend share to buy if you’re looking for exposure to the banking sector. This is due to the prospect of generous and growing dividends in the coming years thanks to its improving performance, cost reduction plans, and its strong balance sheet.
The team at Morgans see a lot of value in the bank’s shares and have an add rating and $34.50 price target on them.
As for dividends, the broker is forecasting 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 $27.87, this will mean yields of 5.2% and 5.9%, respectively.
Transurban Group (ASX: TCL)
Another ASX 200 dividend share to look at this month is Transurban. This leading toll road operator owns a collection of important roads in Australia and North America such as CityLink in Melbourne and the Cross City Tunnel and Eastern Distributor in Sydney. It also recently announced an agreement to acquire the remaining stake in WestConnex from the NSW government.
The last 18 months have been tough for the company due to COVID-19 headwinds. However, with the end of lockdowns and a return of international travel in sight, traffic volumes on its roads are expected to rebound strongly over the next 12 months.
Ord Minnett is positive on the company. Its analysts currently have a buy rating and $16.20 price target on its shares. The broker is also forecasting dividends per share of 43 cents in FY 2022 and then 64 cents in FY 2023.
Based on the current Transurban share price of $13.69, this will mean yields of 3.1% and 4.7%, respectively.