2 ASX 200 dividend shares analysts are urging income investors to buy

Here are two dividend shares analysts rate highly…

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If you’re wanting some ASX 200 dividend shares to boost your income, then you may want to check out the two listed below.

Here’s why these dividend shares have been rated as buys recently:

Rio Tinto Limited (ASX: RIO)

If you’re not averse to investing in the resources sector, then it could be worth considering Rio Tinto. This mining giant is being tipped to reward shareholders with huge dividends in the coming years thanks to favourable commodity prices and its return to production growth.

Goldman Sachs is one of a number of brokers that is very positive on the mining behemoth. It has a buy rating and $131.50 price target on the company’s shares. The broker likes Rio Tinto due to its valuation and strong free cash flow generation. Goldman also highlights the miner’s compelling low emission aluminium exposure through its ELYSIS inert anode technology, which it believes could be worth billions.

As for dividends, based on the current Rio Tinto share price of $110.34, Goldman is forecasting fully franked dividend yields of 11% in FY 2022 and FY 2023.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share that analysts are positive on is Telstra. They believe the telco giant could be a top option for income investors due to its positive outlook.

This is being underpinned by the highly successful execution of its transformative T22 strategy and the impending growth-focused T25 strategy. The latter includes targets such as driving strong earnings per share growth in the coming years.

The team at Morgans is positive on Telstra. It currently has an add rating and $4.55 price target on the company’s shares. The broker feels the market is undervaluing its shares on a sum of the parts basis.

In respect to dividends, Morgans continues to expect fully franked dividends per share of 16 cents for FY 2022 and FY 2023. Based on the current Telstra share price of $3.95, this implies yields of 4%.

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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