The good news for income investors is that the ASX 200 index is home to plenty of companies that pay dividends to their shareholders.
Two that could be top options for income investors to buy right now are listed below. Here's what analysts at Morgans are saying about these ASX 200 dividend shares:
Coles Group Ltd (ASX: COL)
The first ASX 200 dividend share to look at is Coles.
It is one of the big two supermarket operators with over 800 supermarkets. In addition, it has over 900 liquor retail stores and over 700 Coles express stores. Though, the latter are in the process of being sold.
Coles isn't resting on its laurels, though. As well as growing its network further, the company is aiming to make its operations more efficient through cost cutting and its focus on automation with Ocado.
Morgans is a fan of the company and has an add rating with a $19.50 price target on its shares. It is also forecasting fully franked dividends per share of 64 cents in FY 2022 and 66 cents in FY 2023.
Based on the current Coles share price of $17.09, this implies yields of 3.75% and 3.9%, respectively.
Wesfarmers Ltd (ASX: WES)
Another ASX 200 dividend share that has been tipped as a buy is Wesfarmers.
It is the conglomerate behind a collection of businesses including retailers Bunnings, Kmart, Priceline, and Officeworks, as well as industrial businesses Coregas and Covalent Lithium. It was also previously the owner of Coles.
Thanks to the strength of this portfolio and its high quality management team, Wesfarmers has been able to reward its shareholders with a stream of dividends for well over a decade.
The good news is that Morgans is tipping this to continue in the coming years. Its analysts have pencilled in fully franked dividends per share of $1.82 in FY 2023 and $1.89 in FY 2024. Based on the current Wesfarmers share price of $48.52, this will mean yields of 3.75% and 3.9%, respectively.
Morgans currently has an add rating and $55.60 price target on its shares.
