Here are 2 ASX 200 dividend shares to buy according to analysts

Here are two ASX 200 dividend shares that experts rate as buys….

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Are you looking for some dividend options for your portfolio? If you are, take a look at the two ASX 200 dividend shares listed below.

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

Coles Group Ltd (ASX: COL)

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

Thanks to its defensive qualities and strong market position (800+ supermarkets, 900+ liquor retail stores, and 700+ Coles express stores), it has been tipped to continue growing its sales, profits, and dividends in the coming years. This will be supported by the construction of its smart distribution centres, which are aiming to make its operations more efficient and cut costs.

Citi is bullish on Coles and has a buy rating and $19.30 price target on its shares.

In respect to dividends, Citi is forecasting 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 $17.62, this will mean yields of 3.6% and 4.1%, respectively.

South32 Ltd (ASX: S32)

Another ASX 200 dividend share that could be in the buy zone is mining giant South32.

Thanks to strong demand for commodities such as aluminium and other green metals, South32 has been tipped to generate strong free cash flow and pay big dividends in the coming years.

Goldman Sachs is particularly bullish. It expects South32 to pay fully franked dividends per share of 26.7 US cents in FY 2022 and 51.6 US cents in FY 2023. Based on the current South32 share price of $4.05 and the latest exchange rates, this will mean very attractive yields of ~9% and ~17%.

Goldman has a conviction buy rating and $5.90 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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET. 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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