Are you looking for ASX 200 dividend shares to buy? If you are, then you might want to look at the ASX shares listed below.
Here's why analysts think these ASX dividend shares could be worth considering right now:
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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 group responsible for the BCF, Macpac, Rebel, and Supercheap Auto brands.
Analysts at Citi remain very positive on the company and appear to believe recent weakness in the Super Retail share price could be a buying opportunity. The broker has a buy rating and $14.00 price target on the company's shares.
It said: "Super Retail's [Q3] trading update demonstrated continued strength in sales, particularly in Supercheap Auto and BCF. We continue to view the market's concerns about Super Retail's elevated inventory position to be significantly overplayed given these strong sales trends, likely minimal risk of ageing given where the inventory is held and management's perspective on the risks to its supply chain."
As for dividends, Citi is expecting fully franked dividends of 66 cents per share in FY 2022 and 64 cents per share FY 2023. Based on the latest Super Retail share price of $9.61, this will mean yields of 6.9% and 6.7%, respectively, for investors.
Telstra Corporation Ltd (ASX: TLS)
Another ASX dividend share that could be in the buy zone is Telstra.
Analysts at Morgans rate the telco giant highly, particularly given its increasingly positive outlook after almost a decade of struggles. This is being underpinned by the highly successful execution of its transformative T22 strategy and the impending growth-orientated T25 strategy.
In addition, Morgans believes that the sum of Telstra's parts is more than what the Telstra share price implies. It currently has an add rating and $4.56 price target on the company's shares.
The broker said: "Industry dynamics have turned positive (NBN and mobile prices are increasing after 5 years of decline; TLS's targets imply they continue to rise). The SOTP for TLS is worth more than the current share price (and steps to release this value are underway; albeit timing is unclear)."
In respect to dividends, Morgans continues to expect fully franked dividends per share of 16 cents for FY 2022 and FY 2023. Based on the current Telstra share price of $3.93, this implies yields of 4.1%.
