Experts name 2 excellent ASX 200 dividend shares to buy

These ASX 200 dividend shares could be quality options for investors…

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Looking for dividend shares for you income portfolio? If you are, you may want to check out the two listed below that have been rated as buys by analysts.

Here’s what you need to know about these ASX 200 dividend shares:

Harvey Norman Holdings Limited (ASX: HVN)

The first ASX 200 dividend share that could be in the buy zone is retail giant Harvey Norman.

The team at Goldman Sachs is positive on the retailer and believes it is well-placed to defend its strong market position from online disruption. The broker also expects Harvey Norman to provide investors with generous dividends in the near term.

Its analysts are forecasting fully franked dividends per share of 42 cents in FY 2022 and 39 cents in FY 2023. Based on the current Harvey Norman share price of $4.38, this will mean yields of 9.6% and 8.9%, respectively.

Goldman has a buy rating and $5.80 price target on its shares.

South32 Ltd (ASX: S32)

Another ASX 200 dividend share that could be a buy is South32. It is diversified mining and metals company producing a range of green commodities.

Morgans is a big fan of the company following recent portfolio changes. It commented: “We see attractive long-term value potential in S32 from de-risking of its growth portfolio, the potential for further portfolio changes, and an earnings-linked dividend policy.”

In respect to dividends, Morgans is forecasting fully franked dividends in the region of 26 cents per share in FY 2022 and 35 cents per share in FY 2023. Based on the current South32 share price of $5.00, this equates to yields of 5.2% and 7%, respectively.

Morgans has an add rating and $6.10 price target on the miner’s shares.

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 positions in and has recommended Harvey Norman Holdings Ltd. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. 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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