Brokers say Telstra and this ASX 200 dividend shares are buys

These dividend shares could be top options for investors right now.

| More on:
A couple working on a laptop laugh as they discuss their ASX share portfolio.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you looking for ASX 200 dividend shares to buy? If you are, you may want to check out the two buy-rated shares listed below that have been tipped to provide attractive yields.

Here's what you need to know about these ASX dividend shares today:

Elders Ltd (ASX: ELD)

This agribusiness company could be an ASX 200 dividend share to buy right now.

That's the view of analysts at Goldman Sachs, which believe that recent share price weakness has created a buying opportunity for investors. The broker highlights that "the fundamentals of this company remain unchanged, and strong in our view." It also believes that "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 $8.51, this will mean yields of 6.2% and 6.7%, respectively.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share that could be in the buy zone is Telstra.

Analysts at Morgans are very positive on the telco giant due to its successful turnaround via the T22 strategy, its new growth strategy, the recently approved restructure, and positive industry conditions.

The broker highlights that "telco has the strongest tailwinds in a decade with an increasingly rational market, price rises across the majors and the criticality of telco increasingly recognised."

In respect to dividends, Morgans is expecting Telstra to pay fully franked 17 cents per share dividends in both FY 2023 and FY 2024. Based on the current Telstra share price of $4.22 this equates to yields of 4%.

Morgans has as an add rating and $4.70 price target on the company's shares.

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 positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Elders. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Increasing stack of blue chips with a rising red arrow.
Blue Chip Shares

2 ASX blue-chip shares offering big dividend yields

I’m backing these two businesses as appealing dividend stocks.

Read more »

A happy, smiling man stretches out among yellow daisies in the green grass, dreaming of success.
Share Market News

How I'd invest monthly savings to generate over $50,000 passive income

This is how modest monthly investing could turn into serious passive income.

Read more »

Woman on a swing at a beach, symbolising passive income.
Dividend Investing

Passive income: How to earn safe dividends with just $20,000

The best dividend stocks tend to share these traits...

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Dividend Investing

Own VTS ETF? It's a great day for you!

This exchange-traded fund seeks to mirror the performance of the entire US stock market.

Read more »

A man looks at his laptop waiting in anticipation.
Dividend Investing

A 3.5% ASX dividend stock paying cash every month

Some monthly divided stocks are more equal than others.

Read more »

A man smiles as he holds bank notes in front of a laptop.
Dividend Investing

3 of the best ASX dividend stocks to buy now

Let's see which dividend stocks analysts are tipping as buys.

Read more »

Close-up of a business man's hand stacking gold coins into piles on a desktop.
Dividend Investing

3 great ASX dividend shares to buy in 2026

These are the types of dividend investments that Australians should look at.

Read more »

Happy young woman saving money in a piggy bank.
Dividend Investing

2 ASX income stocks with 6% dividend yields I would buy

High yields only matter if the income can be maintained. These two ASX stocks offer visible cash flows and dependable…

Read more »