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 why its analysts rate them highly this month:
BHP Group Ltd (ASX: BHP)
The first ASX 200 dividend share to look at is mining giant BHP. Morgans rates the Big Australian very highly due to its diverse operations, strong balance sheet, and resilient dividend profile. The broke currently has an add rating and $48.30 price target on its shares.
It commented:
We view BHP as relatively low risk given its superior diversification relative to its major global mining peers. The spread of BHP's operations also supplies some defence against direct Covid-19 impact on earnings contributors. While there are more leveraged plays sensitive to a global recovery scenario, we see BHP as holding an attractive combination of upside sensitivity, balance sheet strength and resilient dividend profile.
In respect to dividends, the broker has pencilled in a $3.99 per share dividend in FY 2022 and then a $3.22 per share dividend in FY 2023. Based on the latest BHP share price of $39.22, this equates to yields of 9.8% and 8.2%, respectively.
Macquarie Group Ltd (ASX: MQG)
Another ASX 200 dividend share that could be in the buy zone is investment bank Macquarie. Morgans believes Macquarie is well-placed for growth over the long term thanks to structural tailwinds. It 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 Australian 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 $170.69, this will mean yields of 4.1% and 4.4%, respectively.
