2 buy-rated ASX 200 dividend shares with big yields

These dividend shares are in favour with analysts…

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Are you looking for dividend shares to buy? If you are, then you might want to look at the shares listed below.

Here's why these ASX 200 dividend shares could be worth considering right now:

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DEXUS Property Group (ASX: DXS)

The first ASX 200 dividend share to consider is this Australian real estate company.

DEXUS has a high quality portfolio of office, industrial and retail properties. In fact, 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.

Looking ahead, the company's development pipeline remains strong and stood at $15.4 billion at the last count. This provides DEXUS with an opportunity to grow its portfolios and enhance future returns.

Macquarie is a fan of DEXUS and has an outperform rating and $11.93 price target on its shares.

As for dividends, the broker is 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 $10.72 this will mean yields of 5% and 5.35%, respectively.

Westpac Banking Corp (ASX: WBC)

Another ASX 200 dividend share to look at is this banking giant. It has been tipped as a buy by the team at Morgans following a sharp pullback in recent weeks. This was driven by Australia's oldest bank's margin outlook and doubts over its cost cutting plans.

Morgans notes that its shares are the cheapest among the big four and, importantly for income investors, offer the biggest forecast dividend yields.

Its analysts have pencilled in fully franked dividends per share of $1.23 in FY 2022 and then $1.62 in FY 2023. Based on the current Westpac share price of $21.67, this will mean yields of 5.7% and 7.5%, respectively.

Morgans has an add rating and $29.50 price target on Westpac's shares.

Motley Fool contributor James Mickleboro owns Westpac Banking Corporation. 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 recommended Westpac Banking Corporation. 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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