These ASX 200 dividend shares are rated as buys

Here are two buy-rated dividend shares for ASX investors…

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Are you looking for a source of income in this low interest environment? If you are, then you may want to check out the ASX 200 dividend shares listed below.

Both dividend shares offer investors generous yields that smash the interest rates on offer with term deposits. Here's what you need to know about them:

DEXUS Property Group (ASX: DXS)

The first ASX dividend share to look at is Dexus. It is an Australian real estate company focused on office, industrial and retail properties.

It recently revealed that 124 of its 189 assets have been externally valued, resulting in a ~$421 million or 2.4% increase in valuation. Management believe this demonstrates the strong demand for high quality industrial property.

But management isn't resting on its laurels. The company has a $15.4 billion development pipeline, which provides it with an opportunity to grow both portfolios and enhance future returns.

Macquarie is positive on DEXUS and has an outperform rating and $11.93 price target on its shares. The broker is also forecasting dividends per share of 53.7 cents in FY 2022 and 57.5 cents in FY 2023. Based on the current Dexus share price of $11.08 this will mean yields of 4.8% and 5.1%, respectively.

Telstra Corporation Ltd (ASX: TLS)

Another dividend share to look at is Australia's largest telco, Telstra. After years of disappointing investors with dividend cuts, the telco giant has turned a corner and now has analysts anticipating dividend increases in the near future.

This is being underpinned by the success of its transformational T22 strategy and its new T25 strategy which is aiming to deliver sustainable earnings growth over the coming years.

Goldman Sachs appears confident Telstra will deliver on its goals. It is forecasting 16 cents per share dividends for FY 2022 and FY 2023, before an increase to 18 cents per share in FY 2024 and then 19 cents per share dividend in FY 2025.

Based on the current Telstra share price of $4.13, this will mean fully franked yields 3.9% and then 4.35% and 4.6%, respectively. Goldman has a buy rating and $4.40 price target on the company's shares.

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 owns and has recommended Telstra Corporation Limited. 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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