If you're looking for dividend shares to buy, then you may want to look at the two listed below that brokers are recommending.
Here's what you need to know about these ASX 200 dividend shares:
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BHP Group Ltd (ASX: BHP)
The first ASX 200 dividend share to look at is this mining giant. With commodity prices at high levels, the Big Australian looks well-placed to deliver bumper profits in the near term. Particularly given the quality and low costs of its operations across a range of commodities and geographies.
And although the BHP share price has been racing higher this year, the team at Macquarie don't believe it is too late to invest. Its analysts currently have an outperform rating and $61.00 price target on BHP's shares.
Macquarie is also forecasting some very generous dividends in the coming years. It expects fully franked dividends per share of ~$5.22 in FY 2022 and then ~$3.61 in FY 2023. Based on the current BHP share price of $51.95, this implies potential upside of 10% and 7%, respectively.
National Australia Bank Ltd (ASX: NAB)
Another ASX 200 dividend share for investors to look at is banking giant NAB. It could be a top option in the banking sector thanks to its strong position in business lending. This side of the sector is performing far better than retail banking and was a key driver in NAB's 9.1% increase in cash earnings during the first quarter.
NAB has also been boosting its operations through acquisitions. This includes the recently completed acquisition of digital bank 86 400 and the proposed acquisition of Citigroup's Australian consumer business.
The team at Bell Potter are positive on these deals and expect them to allow the bank to "achieve scale in digital and consumer banking offerings."
Its analysts are bullish on NAB and currently have a buy rating and $34.50 price target on its shares. As for dividends, the broker has pencilled in fully franked dividends per share of 136.5 cents in FY 2022 and then 134.5 cents in FY 2023. Based on the current NAB share price of $32.18, this equates to yields of 4.25% and 4.2%, respectively.
