If you're looking for dividends shares to buy, then you may want to look at the two listed below.
Here's why analysts rate these ASX 200 dividend shares highly:
BHP Group Ltd (ASX: BHP)
The first ASX 200 dividend share to look at is mining giant BHP.
Earlier this month, the Big Australian released its full year results and revealed record operating profits and free cash flow. This allowed the company to reward its shareholders with a bumper US$3.25 per share fully franked dividend in FY 2022.
And while its dividends may not be as large in the coming years, they are still expected to be very generous.
For example, the team at Morgans are forecasting fully franked dividends per share of A$3.95 in FY 2023 and A$2.98 per share in FY 2024. Based on the current BHP share price of $42.81, this will mean yields of 9.2% and 7%, respectively.
Morgans has an add rating and $48.40 price target on the miner's shares.
Coles Group Ltd (ASX: COL)
Another ASX 200 dividend share that analysts rate as a buy is supermarket operator Coles.
It released its full year results last week and revealed a 2% increase in sales revenue to $39,369 million and a 4.3% lift in net profit after tax to $1,048 million. This was driven by the successful execution of trade plans, as well as value campaigns focused on lowering the cost of living for customers.
The team at Citi are expecting more of the same in the future. This is expected to underpin solid dividend growth, with the broker forecasting a 75 cents per share dividend in FY 2023 and a 79 cents per share dividend in FY 2024.
Based on the current Coles share price of $17.65, this will mean yields of 4.2% and 4.5%, respectively, for investors.
Citi also sees plenty of upside for its shares with its buy rating and $20.10 price target.
