2 ASX 200 dividend shares analysts rate as buys

Here are two dividend shares analysts rate highly…

| More on:
A woman wearing glasses and a black top smiles broadly as she stares at a money yarn full of coins representing the rising JB Hi-Fi share price and rising dividends over the past five years

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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)

The first ASX 200 dividend share to look at is Rio Tinto. This mining giant could be a top option thanks to the huge dividends it is being tipped to pay in the coming years.

This is being underpinned by booming commodity prices. With iron ore, aluminium, and copper prices all trading at sky high levels, Rio Tinto is expected to generate bumper free cash flow again in the near term.

Analysts at Goldman Sachs expect this to lead to Rio Tinto’s shares providing investors with yields in the region of 10% in both FY 2022 and FY 2023.

The broker also sees room for the mining giant’s shares to rise further from here. It has a buy rating and $131.50 price target on the company’s shares.

Super Retail Group Ltd (ASX: SUL)

Another ASX 200 dividend share that could be in the buy zone is Super Retail. It is the retail conglomerate behind the BCF, Macpac, Rebel, and Supercheap Auto brands.

The team at Morgans is very positive on the company and believes its recent share price weakness is a buying opportunity. Particularly with the broker forecasting some very big fully franked dividends in the coming years and significant upside potential for its shares.

Morgans has an add rating and $13.80 price target on its shares. As for dividends, it is expecting fully franked dividends of 59 cents per share in FY 2022 and 61 cents per share in FY 2023. Based on the current Super Retail share price of $10.38, this will mean yields of 5.7% and 5.9%, respectively.

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. owns and has recommended Super Retail Group Limited. The Motley Fool Australia owns and has recommended Super Retail Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Dividend Investing

Person pointing at an increasing blue graph which represents a rising share price.
Dividend Investing

Guess which little-known ASX share is soaring 15% on special dividend news

Investors are paying more attention to dividend stocks as the pace of capital gains looks to slow amid rising interest…

Read more »

Adult man wearing a black suit and necktie calculating via old fashioned calculator, surrounded by newspapers.
Dividend Investing

Everything you need to know about the latest AGL dividend

The ASX 200 energy giant has posted its lowest regular dividend since listing.

Read more »

A woman looks questioning as she puts a coin into a piggy bank.
Dividend Investing

Everything you need to know about the latest Newcrest dividend

The ASX 200 gold and copper producer has halved its final dividend year-on-year.

Read more »

Dividend Investing

Brokers name 2 ASX dividend shares to buy

Brokers have named these dividend shares as buys...

Read more »

A woman holds out a handful of Australian dollars.
Dividend Investing

Everything you need to know about the latest Transurban dividend

How big is Transurban's new dividend yield?

Read more »

Happy smiling young woman drinking red wine whilst standing amongst the grapevines in a vineyard as the Treasury Wines share price rises today
Dividend Investing

Treasury Wine share price defies market slump. Could it be the dividend boost?

The winemaker just lifted its dividend. Here are the details.

Read more »

A man wearing a blue jumper and a hat looks at his laptop with a distressed and fearful look on his face as he reads about the Core Lithium share price falling 30% in a month
Dividend Investing

Here’s why the IAG share price is slumping today

The insurer's shares are treading lower for a reason today...

Read more »

Man in yellow hard hat looks through binoculars as man in white hard hat stands behind him and points.
Dividend Investing

Here’s the BHP dividend forecast through to 2026

Where is the BHP dividend heading in the coming years?

Read more »