Looking for dividend shares to buy when the market reopens? If you are, then you might want to look at the shares listed below.
Here's why these ASX 200 dividend shares are rated as buys by analysts at Morgans:
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AGL Energy Limited (ASX: AGL)
The first ASX 200 dividend share that Morgans rates highly right now is AGL. It currently has an add rating and price target of $9.92 on its shares.
The broker commented: "Despite the challenges facing the company we still see potential for strong earnings growth supported by the legacy assets and retain our ADD rating."
And while Morgans isn't expecting a big yield this year due to the pressures the energy company is facing, it is tipping a big rebound in FY 2023.
Morgans is forecasting fully franked dividends per share of 19 cents in FY 2022 and 65 cents in FY 2023. Based on the current AGL share price of $8.19, this will mean yields of 2.3% and 7.9%, respectively, for investors.
Macquarie Group Ltd (ASX: MQG)
Another ASX 200 dividend share that has been rated as a buy is investment bank Macquarie. Morgans has an add rating and $215.00 price target on its shares.
Although it suspects that the bank's earnings may have peaked after a stellar performance in FY 2022, it doesn't think this should put investors off.
Morgans commented: "We anticipate some near-term earnings volatility over FY23 but we like MQG's favourable longer-term growth profile and consistent history of delivering strong returns (~15% average ROE over time)."
As for dividends, the broker is forecasting a $7.07 per share dividend in FY 2023 and then $7.47 per share dividend in FY 2024. Based on the current Macquarie share price of $165.33, this will mean yields of 4.3% and 4.5%, respectively.
