Are you looking for dividend shares to buy? If you are, then you may want to look at the shares listed below that have been named as buys by analysts.
Here’s why these ASX 200 dividend shares could be in the buy zone:
Super Retail Group Ltd (ASX: SUL)
The first 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.
Analysts at Citi are positive on the company and recently noted that the Federal Budget could be a boost for its brands. In light of this, it believes recent weakness in the Super Retail share price could be a buying opportunity.
Citi has put a buy rating and $14.80 price target on the company’s shares. The broker is also expecting generous yields in the near term and has forecasts fully franked dividends of 63 cents per share in FY 2022 and 62 cents per share FY 2023.
Based on the latest Super Retail share price of $10.82, this will mean yields of ~5.8% for investors.
Telstra Corporation Ltd (ASX: TLS)
Another ASX 200 dividend share for investors to look at is telco giant, Telstra.
Following years of earnings declines and dividend cuts brought about by the rollout of the NBN, Telstra’s outlook has arguably become the best it has been in over a decade.
The key to its positive outlook is successful execution of its T22 strategy and the new T25 strategy. The latter sees management targeting solid and sustainable growth in the coming years.
Morgans is very positive on the telco giant and has an add rating and $4.56 price target on its shares.
It is also expecting fully franked dividends per share of 16 cents in FY 2022 and FY 2023. Based on the current Telstra share price of $4.04, this will mean yields of 4% for investors.