If you're looking for dividend shares to lift your income, then you may want to check out the two listed below.
Here's why these ASX 200 dividend shares have been rated as buys:
BHP Group Ltd (ASX: BHP)
The first ASX 200 dividend share to look at is mining giant BHP.
In August, 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.
The good news is that the big dividend payments are expected to continue in FY 2023. For example, the team at Morgans is forecasting a fully franked dividend of ~A$3.95 per share. Based on the current BHP share price of $38.52, this will mean a yield of 10.25%.
And while Morgans expects FY 2024's dividend to reduce to approximately A$3.00 per share, this will still be a generous fully franked yield of 7.8%.
Another positive is that Morgans sees plenty of upside in the BHP share price with its add rating and $48.40 price target.
Centuria Industrial REIT (ASX: CIP)
Another ASX 200 dividend share that has been tipped as a buy is Centuria Industrial. It is the largest domestic pure play industrial REIT on the Australian share market.
Much like BHP, it delivered a strong result in August. Centuria Industrial reported a 22% increase in funds from operations to $111.7 million thanks to strong demand for its properties. This strong demand also underpinned a 99% occupancy rate, which bodes well for the future.
Macquarie is positive on the company's outlook and is expecting dividends per share of approximately 16 cents in FY 2023 and FY 2024. Based on the current Centuria Industrial share price of $2.59, this will mean yields of 6.2% for investors.
The broker also sees plenty of upside for the company's shares. It currently has an outperform rating and $3.69 price target on them.
