Listed below are a couple of ASX 200 dividend shares that brokers believe are in the buy zone right now.
Here's what income investors need to know about these dividend shares:
Harvey Norman Holdings Limited (ASX: HVN)
The first ASX 200 dividend share to look at is retail giant Harvey Norman.
It could be in the buy zone right now according to analysts at Goldman Sachs. Last week the broker reiterated its buy rating and $5.80 price target.
The broker likes Harvey Norman due to its belief that the company "has a greater preference within the boomer generation and a higher exposure to regional Australia." Goldman believes this shields it from online disruption.
In addition, its analysts highlight that Harvey Norman has a strong property portfolio and that its shares trade on much lower multiples than peers.
A final positive is the generous dividend yields it is forecasting. Goldman estimates that Harvey Norman's shares will provide fully franked yields of over 8% in FY 2022 and over 7% in FY 2023 and FY 2024.
Wesfarmers Ltd (ASX: WES)
Another ASX 200 dividend share that is rated highly is Wesfarmers. It is the conglomerate responsible for a range of brands such as Bunnings, Kmart, and Officeworks. It also has a portfolio of industrial businesses, including a lithium mining operation.
The team at Morgans is very positive on Wesfarmers and believes it has "one of the highest quality retail portfolios in Australia" and is run by "a highly regarded management team."
Overall, the broker feels the company is well-placed for growth over the long term and has an add rating and $58.50 price target on its shares.
Its analysts are also expecting attractive dividend yields from the company's shares in the coming years. Morgans is forecasting fully franked dividends per share of $1.62 in FY 2022 and $1.81 in FY 2023. Based on the current Wesfarmers share price of $49.39, this will mean yields of 3.3% and 3.65%, respectively.
