If you're looking for dividend shares to help you beat inflation, then the two listed below could be worth considering.
Here's why these ASX 200 dividend shares are rated as buys right now:
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BHP Group Ltd (ASX: BHP)
The first ASX 200 dividend share to look at is BHP. The Big Australian's shares have been on fire this year and are up over 14% since the start of 2022 despite a recent pullback. This has been driven by the rising iron ore price, among with other commodities, which has positioned BHP to deliver bumper free cash flows again in the coming years.
The team at Citi believes the BHP share price still has a long way to run. It recently upgraded its shares to a buy rating with a $56.00 price target. Citi said: "BHP cash flow generation is up strongly on our revised IO price deck and we think market outperformance can continue given the hefty cash forecast cash build and upgrade to Buy."
As for dividends, the broker expects fully franked dividends of $4.80 per share in FY 2022 and $4.55 per share in FY 2023. Based on the current BHP share price of $48.49, this implies potential yields of 9.9% and 9.4%, respectively.
Centuria Industrial Reit (ASX: CIP)
Another ASX 200 dividend share to look at is Centuria Industrial. It is the largest domestic pure play industrial REIT and the owner of a portfolio of high-quality industrial assets situated in key metropolitan locations throughout Australia.
Demand for these properties has been very strong in FY 2022, leading to strong rental growth during the first half. Management explained: "Strong leasing activity increased portfolio occupancy to a high 99.2%. Leasing across CIP's portfolio delivered 10% rental growth driven by elevated occupier demand, particularly from the e-commerce sector, creating competition for high-quality industrial assets."
The team at Macquarie expect this trend to continue. As a result, the broker has put an outperform rating and $4.27 price target on its shares.
Macquarie is also forecasting a 17.3 cents per share distribution in FY 2022 and an 17.8 cents per share distribution in FY 2023. Based on the current Centuria Industrial share price of $3.95, this will mean yields of 4.4% and 4.5%, respectively
