Analysts name 2 ASX 200 dividend shares to buy in March

Here are two dividend shares to buy…

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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 that have been named as buys.

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

Calculator on top of Australian 4100 notes and next to Australian gold coins.

Image source: Getty Images

Centuria Industrial REIT (ASX: CIP)

Centuria Industrial is the largest domestic pure play industrial REIT on the Australian share market.

Management notes that the company's portfolio of high-quality industrial assets is situated in urban infill locations throughout Australia and is underpinned by a quality and diverse tenant base.

These properties are certainly in demand with tenants. For example, last month the company reported an 8.9-year weighted average lease expiry with a 99.2% portfolio occupancy. This supported strong funds from operation (FFO) and allowed management to upgrade its full year guidance.

This result went down well with the team at Morgan Stanley. In response, the broker retained its overweight rating and lifted its price target to $4.35.

As for dividends, Morgan Stanley is forecasting dividends per share of 18.1 cents per share in FY 2022 and FY 2023. Based on the current Centuria Industrial share price of $3.75, this equates to yields of 4.8%.

Telstra Corporation Ltd (ASX: TLS)

This telco giant could be a top option for income investors. Like Centuria Industrial, it released a strong half year update last month. In fact, Telstra revealed underlying earnings growth for the first time in years thanks to the success of its T22 strategy.

The good news for investors now is that Telstra will soon embark on its T25 strategy. While T22 was about transforming the company, T25 has been designed to underpin solid earnings growth. This could bode well for dividends in the future.

In the meantime, though, the team at Morgans is forecasting fully franked dividends per share of 16 cents in FY 2022 and FY 2023. Based on the current Telstra share price of $3.96, this will mean yields of 4%.

Morgans also sees decent upside for Telstra's shares. It has an add rating and $4.56 price target on its 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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