If you're looking for dividend shares to buy in 2023, then you may want to look at the two shares listed below that have been rated as buys.
Here's why brokers rate these ASX 200 dividend shares highly right now:
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Coles Group Ltd (ASX: COL)
The first ASX 200 dividend share that brokers rate as a buy is supermarket giant Coles.
A note out of Citi reveals that its analysts have a buy rating and $18.90 price target on its shares.
Citi was pleased with Coles' decision to recently announce the sale of its fuel and convenience business and expects "the proceeds will be invested into the business (e.g. accelerate store renewals, lift omni-channel capability)."
As for dividends, the broker is expecting the retailer to pay a 72 cents per share dividend in FY 2023 and a 77 cents per share dividend in FY 2024. Based on the current Coles share price of $17.00, this will mean fully franked yields of 4.2% and 4.5%, respectively, for investors.
Telstra Corporation Ltd (ASX: TLS)
Another ASX 200 share to look at is telco giant Telstra.
Morgans is tipping the company as an add rating and $4.60 price target on the company's shares. It likes the company due to its successful turnaround via the T22 strategy and its ongoing restructure.
The broker believes the latter will unlock value for shareholders. In light of this, its analysts believe the market is undervaluing Telstra as a whole.
In respect to dividends, the broker is expecting Telstra to continue to pay fully franked 16.5 cents per share dividends in both FY 2023 and FY 2024. Based on the current Telstra share price of $4.02 this equates to yields of 4.1%.
