Analysts name 2 ASX 200 dividend shares to buy next week

Here are two ASX 200 dividend shares rated as buys….

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Are you looking for some dividend options for your portfolio? If you are, check out the two ASX 200 dividend shares listed below.

Here’s why they have been tipped to as buys:

Coles Group Ltd (ASX: COL)

The first ASX 200 dividend share for investors to consider is this retail giant.

Coles is of course one of the big two supermarket operators with over 800 stores (and growing). It also operates over 900 liquor retail stores and over 700 Coles express stores.

The company is currently in the process of building smart distribution centres to support this network and boost its margins. Together with its track record of same store sales growth, this has many analysts forecasting solid earnings and dividend growth over the 2020s.

Citi is very positive on Coles. This week the broker responded to the company’s third quarter update by retaining its buy rating and $19.30 price target on its shares.

As for dividends, Citi has pencilled in fully franked dividends per share of 63 cents in FY 2022 and 72 cents in FY 2023. Based on the current Coles share price of $18.70, this will mean yields of 3.4% and 3.9%, respectively.

Wesfarmers Ltd (ASX: WES)

Another ASX 200 dividend share to look at is Coles’ former parent, Wesfarmers.

It is the conglomerate behind a high quality portfolio of retail assets as well as a collection of industrial businesses.

Morgans is a fan of the company and has an add rating and $58.50 price target on its shares. The broker highlights that Wesfarmers has a high quality portfolio, is run by a highly regarded management team, and has a strong balance sheet. The latter could be supportive of further M&A activity in the future.

In respect to dividends, 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 $49.41, this will mean yields of 3.3% and 3.7%, 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. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET and Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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