If you're looking for dividends shares with good yields to buy, then you may want to look at the two listed below.
Here's why analysts rate these ASX 200 dividend shares highly:
Coles Group Ltd (ASX: COL)
The first ASX dividend share that analysts rate as a buy is supermarket operator Coles.
Thanks to its strong market position, defensive qualities, positive exposure to inflation, and its refreshed strategy, Coles has been tipped to grow its earnings and dividend at a solid rate in the coming years.
Citi, for example, recently lifted its estimates on the belief that Coles' sales will be boosted from rising inflation. It is now forecasting double digit earnings growth in both FY 2023 and FY 2024.
In light of this positive outlook, the broker has put a buy rating and $21.00 price target on its shares.
As for dividends, Citi is expecting fully franked dividends per share of 65 cents in FY 2022 and 75 cents in FY 2023. Based on the current Coles share price of $18.97, this will mean yields of 3.4% and 3.95%, respectively.
Telstra Corporation Ltd (ASX: TLS)
Another ASX dividend share to look at is telco giant Telstra.
It recently impressed the market with its solid full year result and surprise dividend increase. For the 12 months ended 30 June, Telstra delivered underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $7,256 million. This was up 8.4% year over year.
Pleasingly, management remains confident in its outlook and reiterated its FY 2023 underlying EBITDA guidance of $7.8 billion to $8.0 billion. This represents growth of 7.5% to 10%.
The team at Morgans was pleased with its results. In response, the broker retained its add rating and lifted its price target on the company's shares to $4.60.
In respect to dividends, the broker is expecting fully franked dividends per share of 16.5 cents in both FY 2023 and FY 2024. Based on the current Telstra share price of $4.10, this will mean yields of 4% for investors.
