If you're an income investor searching for new investments, then read on!
Listed below are two ASX 200 dividend shares that have been rated as buys by brokers.
Here's what they are saying about these top dividend shares:
Australia and New Zealand Banking Group Ltd (ASX: ANZ)
The first ASX 200 dividend share that could be a buy is ANZ Bank. It is of course one of the big four banks with operations on both sides of the Tasman sea.
Analysts at Citi are positive on the bank and are forecasting some big dividend yields from its shares in the coming years. This is expected to be underpinned by net interest margin (NIM) improvements driven by rising interest rates. It said:
[T]he exit NIM of 1.80% is likely to drive material consensus revenue upgrades, and we think the street upgrades core earnings. We retain our Buy call, with core earnings momentum and benign asset quality.
Citi is forecasting fully franked dividends of $1.66 per share in FY 2023 and $1.76 per share in FY 2024. Based on the current ANZ share price of $23.90, this will mean yields of 6.95% and 7.35%, respectively.
The broker also sees plenty of upside potential with its buy rating and $29.25 price target.
Coles Group Ltd (ASX: COL)
Another ASX 200 dividend share that has been tipped as a buy for income investors is Coles. It is one of the big two supermarket operators with over 800 supermarkets and 900 liquor retail stores.
And while this is a very large footprint, Coles continues to see opportunities to expand. In addition, management is aiming to make its operations more efficient through cost cutting and its focus on automation. The latter includes the development of new distribution centres with automation giant Ocado.
As for dividends, Morgans is 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 $16.99, this implies yields of 3.75% and 3.9%, respectively.
The broker also sees plenty of value on offer here. It has an add rating a d $19.50 price target on Coles' shares.
