If you're looking for dividend shares to buy for your income portfolio, then it could be worth checking out the two named below.
These two ASX 200 dividend shares have been rated as buys by analysts at Morgans. Here's what they are saying about them right now:
QBE Insurance Group Ltd (ASX: QBE)
The first ASX 200 dividend share that has been tipped as a buy by Morgans is insurance giant QBE.
The broker is very positive on the company's outlook. It expects "QBE's earnings profile to improve strongly over the next few years" thanks to strong rate increases and further cost-out benefits.
Morgans also highlights the company's robust balance sheet and believes its shares are "relatively inexpensive."
As for dividends, the broker expects QBE to pay a 76 cents per share dividend in FY 2023 and then an 85 cents per share dividend in FY 2024. Based on the latest QBE share price of $13.49, this equates to yields of 5.6% and 6.3%, respectively.
Morgans currently has an add rating and $15.05 price target on its shares.
Santos Ltd (ASX: STO)
Another ASX 200 dividend share that could be a buy is Santos.
It is a leading energy producer with a collection of high quality operations across several regions.
Morgans believes the company could be a top option in the current environment. This is thanks to its "growth profile and diversified earnings base," which the broker believes leaves Santos "well placed to outperform against a backdrop of a broader sector recovery."
In addition, Morgans highlights the company's strong cash flow generation and believes Santos "is positioned to flex its cash dividends and buybacks."
It expects this to lead to fully franked dividends of 28 US cents (40 Australian cents) per share in FY 2023 and 30 US cents (42.7 Australian cents) per share in FY 2024. Based on the current Santos share price of $7.36, this will mean yields of 5.4% and 5.8%, respectively.
Morgans has an add rating and $8.75 price target on its shares.
