If you’re looking for ASX 200 dividend shares to buy, then you may want to check out the two listed below.
Both have recently been named as buys by the team at Morgans. Here’s what its analysts are saying:
Macquarie Group Ltd (ASX: MQG)
The first dividend share that could be a buy is this investment bank. Morgans believes Macquarie is well-placed for long term growth and currently has an add rating and $215.00 price target on the company’s shares.
The broker said:
We continue to like MQG’s exposure to long-term structural growth areas such as infrastructure and renewables. The company also stands to benefit from recent market volatility through its trading businesses, while the company continues to gain market share in Australia mortgages.
As for dividends, the broker is forecasting partially franked dividends of $7.07 per share in FY 2023 and $7.47 per share in FY 2024. Based on the current Macquarie share price of $181.37, this will mean yields of 3.9% and 4.1%, respectively.
QBE Insurance Group Ltd (ASX: QBE)
Another ASX 200 dividend share that the broker rates highly is insurance giant QBE. Its analysts believe the company’s shares are cheap at the current level and have an add rating and $14.45 price target on them.
With strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits to come, we expect QBE’s earnings profile to improve strongly over the next few years. The stock also has a robust balance sheet and remains relatively inexpensive overall trading on ~14x FY22F PE.
In respect to dividends, the broker has pencilled in a 45 cents per share dividend in FY 2022 and then a 72 cents per share dividend in FY 2023. Based on the latest QBE share price of $12.47, this equates to yields of 3.6% and 5.8%, respectively.