Earn passive income with these ASX 200 dividend shares – experts

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The ASX 200 index is home to a large number of shares offering income investors attractive dividend yields.

But which ones should you buy over others?

Listed below are two that brokers rate as buys right now. Here's what you need to know:

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Elders Ltd (ASX: ELD)

This agribusiness company could be an ASX 200 dividend share to buy according to analysts at Goldman Sachs.

Its analysts believe the company's shares were oversold in 2022, creating a buying opportunity for investors. This is because its analysts feel "the fundamentals of this company remain unchanged, and strong in our view." Goldman also believes "ELD is very well positioned to grow through the cycle."

The broker has a conviction buy rating and $18.40 price target on the company's shares at present.

As for dividends, Goldman is forecasting fully franked dividends per share of 53 cents in FY 2023 and 57 cents in FY 2024. Based on the current Elders share price of $10.05, this will mean yields of 5.3% and 5.7%, respectively.

Macquarie Group Ltd (ASX: MQG)

This investment bank could be another ASX 200 dividend share to buy. That's the view of Morgans, which believes Macquarie is well-placed for the long term.

It highlights the company's "exposure to long-term structural growth areas such as infrastructure and renewables" and its potential to "benefit from recent market volatility through its trading businesses."

Morgans has an add rating and $214.30 price target on Macquarie's shares.

In respect to dividends, the broker is expecting Macquarie to pay partially franked dividends of $7.05 per share in FY 2023 and $7.36 per share in FY 2024. Based on the current Macquarie share price of $180.00, this implies yields of 3.9% and 4.3%, respectively.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Elders and Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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