Are you looking for dividend shares for your income portfolio?
If you are, you may want to check out the two listed below that have been rated as buys by brokers.
Here's what you need to know about these ASX 200 dividend shares:
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Harvey Norman Holdings Limited (ASX: HVN)
The first ASX 200 dividend share that could be in the buy zone is Harvey Norman.
It is of course a retail giant selling furniture, bedding, computers, communications, and consumer electrical products. In addition, the company invests in property, leases premises, and provides consumer finance and other commercial loans.
It has been tipped as a buy by the team at Goldman Sachs. Its analysts like Harvey Norman due to their belief that it is well-placed to defend its strong market position from online disruption thanks to its favourable customer demographics.
In addition, Goldman is expecting some big dividend yields in the near term. Its analysts are forecasting fully franked dividends per share of 36 cents in FY 2022 and 36.3 cents in FY 2023. Based on the current Harvey Norman share price of $4.47, this will mean yields of 8%.
Goldman has a buy rating and $4.60 price target on its shares.
South32 Ltd (ASX: S32)
Another ASX 200 dividend share to consider is South32. It is a diversified mining and metals company producing alumina, aluminium, bauxite, copper, energy and metallurgical coal, lead, manganese, nickel, silver, and zinc.
Thanks partly to its exposure to metals necessary for the decarbonisation megatrend, analysts are expecting South32 to generate significant earnings and free cash flow over the coming years. This is also expected to underpin some very big dividends.
Morgans, for example, is forecasting fully franked dividends per share of ~28 cents in FY 2022 and ~35 cents in FY 2023. Based on the current South32 share price of $4.04, this will mean yields of 6.9% and 8.7%, respectively.
The broker also sees plenty of value in the South32 share price at current levels. It has an add rating and $6.00 price target on its shares.
