Are you looking for ASX 200 dividend shares to buy when the market reopens? If you are, then you may want to check out the two listed below that have been named as buys.
Here's why brokers rate them highly right now:
Coles Group Ltd (ASX: COL)
According to a note out of Morgans, its analysts believe that Coles is an ASX 200 dividend share to buy right now.
The note reveals that its analysts have an add rating and $19.50 price target on the supermarket giant's shares. The broker commented:
Trading on 20.6x FY23F PE and 4.0% yield, we continue to see COL as offering good value with the company's solid balance sheet and defensive characteristics putting it in a good position to navigate through a weaker economic environment. The unwinding of local shopping should also help further market share gains.
As for dividends, Morgans forecasting a 64 cents per share dividend in FY 2023 and a 66 cents per share dividend in FY 2024. Based on the current Coles share price of $16.18, this will mean yields of 4% and 4.1%, respectively, for investors.
National Australia Bank Ltd (ASX: NAB)
A note out of Goldman Sachs reveals that its analysts see NAB as an ASX 200 dividend share to buy right now.
According to the note, the broker has a buy rating and $34.81 price target on the banking giant's shares. It commented:
We reiterate our Buy on NAB given: i) we see volume momentum over the next 12 months as favouring commercial volumes over housing volumes and NAB provides the best exposure to this thematic, ii) NAB has delivered the highest levels of productivity over the last three years, which we think leaves it well positioned for an environment of elevated inflationary pressure, iii) NAB's cost management initiatives, which seem further progressed vs. peers.
In respect to dividends, the broker is forecasting a $1.66 per share dividend in FY 2023 and then a $1.73 per share dividend in FY 2024. Based on the current NAB share price of $32.12, this will mean fully franked yields of 5.15% and 5.4%, respectively.
